Although there is growing recognition in the academic literature of the role of non-nation state actors such as cities and large corporate emitters in climate governance, little attention has been paid to ‘carbon offset organisations’, a new set of largely private sector actors who develop...

We consider a market where privately informed sellers resort to certification to overcome adverse selection. There is uncertainty about the certifier's ability to generate accurate information. The profit of a monopolistic certifier is an inverted U-shaped function of his reputation for...