Climate negotiations have been going on for the last two decades and the awareness for impacts of climate change has improved substantially. However, the trends of global CO2 emissions did not reveal any encouraging signs, with developing countries emitting even more CO2 and industrialized...

Developing countries-both importers and exporters-could in fact benefit from carbon dioxide emissions trading to achieve tagets mandated by the Kyoto Protocol.The trading of rights to emit carbon dioxide has not officially been sanctioned by the United Nations Framework Convention on Climate...

Carbon markets under the Paris Agreement are expected to differ substantially from those that emerged under the Kyoto Protocol. Unlike the top-down approach of markets created by the Kyoto Protocol, such as the Clean Development Mechanism (CDM), international carbon markets under Article 6 of...