In the Market ICAP – The International Carbon Action Partnership: Building a Global Carbon Market from the Bottom-up journal article Martin Bergfelder Carbon & Climate Law Review, Volume 2 (2008), Issue 2, Page 2 carbon markets as a cost-efficient mechanism to reduce greenhouse gas emissions. Development and implementation of carbon markets requires cooperation, however, and further consideration of how these various markets can facilitate the transition to a global low-carbon economy. The post-2012 climate framework, which the international community is committed to agree upon by the end of next year in Copenhagen, will define the international political framework for the evolution of a global carbon market for at least the next decade. A ro
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