Carbon Trading and the CDM in WTO Law

Carbon Trading and the CDM in WTO Law

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Description

WTO rules are likely to play a central role in the regulation of carbon trading and other forms of carbon finance, both in the interim as climate finance regulatory bodies begin to address domestic measures affecting trading and in the long term as the carbon market becomes truly global. This paper examines some key issues in the evolving legal framework for international carbon trading and associated services, including the likely treatment under existing WTO agreements of the three Kyoto flexibility mechanisms and other trading systems for carbon assets. Although no policy exhortations are made here, it is clear that decisions about which legal provisions will regulate carbon finance will involve many complexities and have significant consequences, and therefore must be thought through carefully.

Source Publication

Climate Finance: Regulatory and Funding Strategies for Climate Change and Global Development

Source Editors/Authors

Richard B. Stewart, Benedict Kingsbury, Bryce Rudyk

Publication Date

2009

Carbon Trading and the CDM in WTO Law

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