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Carbon markets, institutions, policies, and research,Carbon markets, institutions, policies, and research,Carbon markets, institutions, policies, and research (Английский)

The scale of investment needed to slow greenhouse gas emissions is larger than governments can manage through transfers. Therefore, climate change policies rely heavily on markets and private capital. This is especially true in the case of the Kyoto Protocol with its provisions for trade and investment in joint projects. This paper describes institutions and policies important for new carbon markets and explains their origins. Research efforts that...
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