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OverviewSince 2005 the carbon market has grown to a value of nearly $100 billion per annum. This new book examines all the main legal and policy issues which are raised by emissions trading and carbon finance. It covers not only the Kyoto Flexibility Mechanisms but also the regional emission trading scheme in the EU and emerging schemes in the US, Australia, and New Zealand. The Parties to the 1992 UN Framework Convention are in the process of negotiating a successor regime to the 1997 Kyoto Protocol whose first commitment period ends in 2012. As scientists predict that the threat of dangerous climate change requires much more radical mitigation actions, the negotiations aim for a more comprehensive and wide ranging agreement which includes new players - such as the US - as well as taking account of new sources (including aircraft emissions) and new mechanisms such as the creation of incentives for reducing emissions from deforestation and forest degradation. This volume builds on the success of the editors' previous volume published by OUP in 2005: Legal Aspects of Implementing the Kyoto Protocol Mechanisms: Making Kyoto Work, which remains the standard work of reference for legal practitioners and researchers on carbon finance and trading under the Kyoto Protocol. Full Product DetailsAuthor: David Freestone (Lobingier Visiting Professor of Comparative Law and Jurisprudence, George Washington University Law School, Washington DC) , Charlotte Streck (Founding partner and director of Climate Focus)Publisher: Oxford University Press Imprint: Oxford University Press Dimensions: Width: 16.20cm , Height: 4.70cm , Length: 24.00cm Weight: 1.224kg ISBN: 9780199565931ISBN 10: 0199565937 Pages: 720 Publication Date: 01 October 2009 Audience: Professional and scholarly , Professional & Vocational Format: Hardback Publisher's Status: Active Availability: To order ![]() Stock availability from the supplier is unknown. We will order it for you and ship this item to you once it is received by us. Table of ContentsI. Introduction 1: David Freestone: The International Climate Change Legal and Institutional Framework: An Overview II. General Issues 2: Thiago Chagas, Charlotte Streck and Matthieu Wemaere: Legal Ownership and Nature of Kyoto Units and EU Allowances 3: Allan Cook: Accounting for Emissions: From Costless Activity to Market Operations 4: Markus Gehring and Marie-Claire Cordonier Segger: Trade and Investment Implications of Carbon Trading for Sustainable Development 5: Michael Mehling: Linking of Emissions Trading Schemes 6: Jolene Lin: Private Actors in International and Domestic Emissions Trading Schemes III. The Kyoto Protocol Mechanisms 7: Rutger de Witt Wijnen and Sander Simonetti: International Emissions Trading and Green Investment Schemes 8: Jelmer Hoogzaad and Charlotte Streck: A Mechanism with a Bright Future: Joint Implementation 9: Anthony Hobley and Carly Roberts: Joint Implementation Transactions: An Overview 10: Maria Netto and Kai-Uwe Barani Schmidt: The CDM Project Cycle and the Role of the UNFCCC Secretariat 11: Matthias Krey and Heike Santen: Trying to Catch up with the Executive Board: Regulatory Decision-making and its Impact on CDM Performance 12: Axel Michaelowa: Interpreting the Additionality of CDM Projects: Changes in Additionality Definitions and Regulatory Practices over Time 13: Christina Voigt: Responsibility for the Environmental Integrity of the CDM: Judicial Review of Executive Board Decisions 14: Martijn Wilder and Louisa Fitz-Gerald: Carbon Contracting 15: Andrew Hedges: The Secondary Market for Emissions Trading: Balancing Market Design and Market Based Transaction Norms IV. Carbon Trading Outside Kyoto: Regional Schemes 16: Markus Pohlmann: The European Union Emissions Trading Scheme 17: Navraj Singh Ghaleigh: Emissions Trading before the European Court of Justice: Market Making in Luxembourg V. Carbon Trading Outside Kyoto: National and Sub-National Schemes 18: K Russell LaMotte, David M (Max) Williamson and Lauren A Hopkins: Emissions Trading in the US: Legal Issues 19: Kyle W Danish: Offsets in the Emerging US Cap-and-Trade Programmes 20: Martijn Wilder and Louisa Fitz-Gerald: Carbon Markets and Policy in Australia: Recent Developments 21: Gray E Taylor and Michael R Barrett: Canada's Experience in Emissions Trading and Related Legal Issues 22: Christopher Tung: Carbon Law and Practice in China VI. Voluntary Markets 23: Michelle Passero: The Voluntary Carbon Market: Its Contributions and Potential Legal and Policy Issues VII. Post Kyoto: Moving towards Copenhagen 24: Murray Ward: What Might a Future Global Climate Change Deal Look Like? 25: Jos Cozijnsen and Michael J Coren: The Role of Project-Based Mechanisms in the Future Carbon Market 26: Christiana Figueres and Charlotte Streck: A Post-2012 Vision for the Clean Development Mechanism 27: Robert O'Sullivan and Rick Saines: International Market Solutions to Protect Tropical Rainforests 28: Thiago Chagas and Claybourne Fox Clarke: Aviation and Climate Change Regulation VIII. Summary and Outlook David Freestone and Charlotte Streck: Summary and OutlookReviewsAs can be seen from the summary of contents, the book covers a wide range of topics, on which it contains a wealth of information. It is chracterized by a mixture of innovative and survey-style contributions. Roland Ismer, European Yearbook of International Economic Law Author Information"David Freestone is the Lobingier Visiting Professor of Comparative Law and Jurisprudence at The George Washington University Law School in Washington D.C. He is a former Deputy General Counsel at the World Bank, and a Visiting Professor at the UN University Institute of Advanced Studies. From 1996-2004 he was head of the World Bank's Environment and International Law Group, and, inter alia, legal adviser to the World Bank Prototype Carbon Fund team. Prior to joining the Bank in 1996, he held a faculty chair in international law at the University of Hull in the United Kingdom, where he is still an honorary professor. Dr. Freestone has written widely on international environmental law, is the General Editor of the ""Legal Aspects of Sustainable Development "" a monograph series published by Martinus Nijhoff and is the founding editor of the ""International Journal of Marine and Coastal Law. "" He is the 2007 winner of the Elizabeth Haub Gold Medal for Environmental Law. Charlotte Streck is a founding partner and Director of Climate Focus, a consultancy company specialized in climate change law and policy and the global carbon market. Until February 2005, Charlotte was Senior Counsel with the World Bank in Washington, DC. In this capacity she was responsible for establishing carbon funds and legal structuring of World Bank carbon transactions in Africa, Eastern Europe, Latin America and Asia. Before she joined the World Bank in 2000, she cooperated with the ""Global Public Policy Project "", which provided strategic advice for the Secretary General of the UN. She authored and co-authored several books and numerous articles on environmental law and policy, is a board member of the Global Public Policy Institute, an adjunct lecturer at the University of Potsdam, senior fellow of the Center of International Sustainable Development Law at McGill University, and an Advisor to the Prince of Wales Rainforest Project." Tab Content 6Author Website:Countries AvailableAll regions |