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Linking Carbon Markets: Development and Implications

Dmitry Fedosov

DOI https://doi.org/10.21552/cclr/2016/4/7



The current study explores the topic of linking emissions trading systems based on data found outside of traditional academic sources. Reflecting a shift from top-down to bottom-up approach in the international regulation of climate change, it looks at pre-Kyoto linking experiences and beyond. By analysing global practice in linking carbon markets, it demonstrates that, currently, technical barriers precluding linkages have been rather disappearing or becoming less important, whereas economic and political implications associated with linking, especially those that interfere with domestic objectives, might, in fact, be the major obstacles on the way to a global network of linked carbon markets.

Dmitry Fedosov, PhD Candidate, Faculty of Law, University of Ottawa. For correspondence: <mailto:dfedosov@uottawa.ca>. DOI: 10.21552/cclr/2016/4/7

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