- Title
- How to Build Truly Sustainable Carbon Markets
- Creator
- Rudolph, Sven; Aydos, Elena; Kawakatsu, Takeshi; Lerch, Achim
- Relation
- Solutions : For a Sustainable and Desirable Future Vol. 9, Issue 1, p. 1-13
- Relation
- https://thesolutionsjournal.com/2017/12/28/build-truly-sustainable-carbon-markets/
- Publisher
- Solutions
- Resource Type
- journal article
- Date
- 2018
- Description
- “Where Did All the Markets Go?”1 was a question prominent amongst environmental economists in the 1990s when they realized the lack of market-based approaches in environmental policy practice with despair. The neoclassical economic theory of politics – or Public Choice –answered that question by claiming a “market tendency for the political process to resist market mechanisms for rationing scarce environmental resources.”2 And, while recently climate policy cap-and-trade programmes have spread across the globe and even at different governance levels, most carbon markets’ ambition is grossly insufficient.
- Subject
- environmental; market based; public choice; carbon markets
- Identifier
- http://hdl.handle.net/1959.13/1466442
- Identifier
- uon:47547
- Identifier
- ISSN:2154-0896
- Language
- eng
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