{"title":"Introduction to effective global carbon markets","authors":"J. Macinante","doi":"10.4337/9781839109485.00008","DOIUrl":"https://doi.org/10.4337/9781839109485.00008","url":null,"abstract":"‘Time is of the essence’ is an expression familiar to lawyers as a typical contractual stipulation. However, considered from the perspective of the state of the global environment, it may be more appropriate to see it as a stipulation for the global social contract – and as a simple statement of fact. Time is indeed of the essence for action to reduce human impact on the global climate system. As intergovernmental negotiations to determine rules to give operational effect to the Paris Agreement1 stretch on now into a new decade, with the likelihood of more equivocation than clarity, more obstruction than focused engagement, the impression created by diverse political dissemblers might be of abundant time to take any necessary steps, that there is, in fact, no urgency. Yet the critical need for timely action emerges not just from what the world’s climate scientists tell us ever more frequently, compellingly, and with ever greater certainty. As the impacts of climate change become more frequent, widespread, and increasingly destructive, urgency is patent to any observer. In these circumstances, this book seeks to contribute in a specific way to timely mitigation action. It proceeds on the basis that carbon pricing and, in particular, carbon emissions trading, is an important component of mitigation policies in general, and one adopted already in many jurisdictions. The proposal detailed here is of a model that can connect those jurisdictions, so that their policies and programmes are more effective and operate more efficiently. The model proposes networking of carbon markets through application of distributed ledger technology (DLT). The proposal sets out the infrastructure, operational mechanisms, and rules (including indicative transactional contract terms) that this networking might entail. Importantly, it also advances a governance structure for such networked markets within the policy and regulatory setting of the Paris Agreement. The hypothesis on which the proposal relies is that networking can address issues that previously militated against the effectiveness of international emissions trading as an essential tool of climate policy. The trading mechanism proposed, based on application of the particular","PeriodicalId":417109,"journal":{"name":"Effective Global Carbon Markets","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-08-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129049440","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The carbon market from three perspectives","authors":"","doi":"10.4337/9781839109485.00010","DOIUrl":"https://doi.org/10.4337/9781839109485.00010","url":null,"abstract":"","PeriodicalId":417109,"journal":{"name":"Effective Global Carbon Markets","volume":"21 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121922438","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Analysis of the proposal","authors":"","doi":"10.4337/9781839109485.00017","DOIUrl":"https://doi.org/10.4337/9781839109485.00017","url":null,"abstract":"","PeriodicalId":417109,"journal":{"name":"Effective Global Carbon Markets","volume":"105 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115243940","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Introductory matters and background","authors":"","doi":"10.4337/9781839109485.00007","DOIUrl":"https://doi.org/10.4337/9781839109485.00007","url":null,"abstract":"","PeriodicalId":417109,"journal":{"name":"Effective Global Carbon Markets","volume":"55 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114160555","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}