Governance of Emissions Trading Systems
Emissions trading continues to expand as a flexible policy response to climate change. Its implementation raises complex governance challenges, however, and calls for robust institutional, regulatory and procedural frameworks. Unlike aspects of tec...
| Main Authors: | , |
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| Format: | Report |
| Language: | English |
| Published: |
World Bank, Washington, DC
2022
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/521071647932365171/Governance-of-Emissions-Trading-Systems http://hdl.handle.net/10986/37213 |
| Summary: | Emissions trading continues to expand
as a flexible policy response to climate change. Its
implementation raises complex governance challenges,
however, and calls for robust institutional, regulatory and
procedural frameworks. Unlike aspects of technical design
and implementation, the governance of emissions trading
systems (ETSs) has found less extensive treatment in the
available knowledge base. However, existing systems offer
valuable insights into the successful governance of
emissions trading from the initial establishment and routine
operation of an ETS to the review of its performance and the
management of change. This report draws on such experiences
to provide guidance on the governance of an ETS across all
stages of its evolution. |
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