Jump to ContentJump to Main Navigation
Legal Aspects of Carbon TradingKyoto, Copenhagen, and beyond$
Users without a subscription are not able to see the full content.

David Freestone and Charlotte Streck

Print publication date: 2009

Print ISBN-13: 9780199565931

Published to Oxford Scholarship Online: February 2010

DOI: 10.1093/acprof:oso/9780199565931.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use.date: 24 June 2022

Linking of Emissions Trading Schemes

Linking of Emissions Trading Schemes

(p.108) 5 Linking of Emissions Trading Schemes
Legal Aspects of Carbon Trading

Michael Mehling

Oxford University Press

The integration of carbon markets will require a careful assessment of its political and economic viability, which, in turn, largely depends on the respective compatibility of the underlying emissions trading schemes. Because design features in each scheme can extend to all other linked schemes, and differences — if too pronounced — can affect the integrity of the overall market as well as the direction of trade flows, a certain degree of harmonization is essential for linking. Legal and normative considerations have featured only marginally in existing research on the conditions and implications of a trading link. This chapter provides a systematic overview of such considerations. It starts by drawing a conceptual background for the subsequent analysis, defining central characteristics and different forms of linking in the second section. It then proceeds to explore the specifically normative and jurisprudential implications of linking in the third section, and distinguishes these from broader questions of political expedience and economic rationality.

Keywords:   carbon markets, linking, trading link, market link, legal aspects

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .