Carbon Market Law delves into the critical legal frameworks underpinning carbon markets, a key element of global climate policy. It examines how these markets, including emissions trading systems, function and the legal safeguards necessary for their success. A robust legal structure is vital to prevent fraud and ensure fair competition, fostering investor confidence.
The book highlights the need for clear rules on emission allowances and the validation of carbon offsets, exploring the enforcement of compliance within carbon markets. The book is structured around three core themes: the architecture of emissions trading systems, the regulation of carbon offsets, and compliance enforcement. It emphasizes that without well-defined laws, carbon markets risk ineffectiveness. For example, the book analyzes how legal challenges arise when linking different carbon markets.
Furthermore, it adopts a comparative approach by studying regulations across various jurisdictions, such as the European Union and California, to identify best practices and potential pitfalls. This book uniquely focuses on the legal dimensions of carbon markets, distinguishing it from studies that primarily address the economic or technical aspects of carbon trading. It provides a comprehensive guide for legal professionals, policymakers, and academics, offering insights into navigating the complexities of carbon market law and contributing to effective climate change mitigation strategies.
