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...

As the world moves on from the climate agreement negotiated in Paris, attention is turning from the identification of emissions reduction trajectories "in the form of Nationally Determined Contributions (NDCs)" to crucial questions about how these emissions reductions are to be delivered and...