This book explores the establishment of emissions trading as a form of environmental, market-based governance. It conceptualizes markets as institutions, and analyzes them as a system of climate governance. To this end, it argues that international efforts to promulgate markets run up against...

This text on the economics of climate change and climate policy can be used at three different levels - advanced undergraduate, post-graduate and doctoral. It covers the critical issues and clearly identifies the specific sections each level of reader should explore