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This paper provides an analysis of the effectiveness of climate policies by focusing on the link between policy options on the one hand, and structure of the agreements and of the international regimes on the other hand. In particular, the paper analyses whether there are the conditions for an...
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objections to financial transfers. To avoid those problems, many have shifted their focus on bottom-up "linkage" of regional …, national, and sub-national cap-and-trade systems. Decentralized architecture has its appeals, but we argue that linkage among … carbon markets ultimately faces the same obstacles that are at the heart of global climate negotiations. Linkage can …
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