A Realistic Policy on International Carbon Offsets

Details

Author(s):
  • David Victor
Publish Date:
April 1, 2008
Publication Title:
Program on Energy and Sustainable Development Working Paper, No. 74
Format:
Working Paper
Citation(s):
  • Michael Wara and David G. Victor, A Realistic Policy on International Carbon Offsets, Program on Energy and Sustainable Development Working Paper, No. 74 (April 2008).

Abstract

Carbon markets need reform.

A new PESD Working paper, by Michael Wara and David Victor, argues that substantial fraction of the international carbon market does not actually represent real reductions in emissions. They also argue that these international credits, which are part of the Kyoto Protocol’s “Clean Development Mechanism (CDM),” will not offer companies reliable ways to contain the cost of complying with limits on emissions.

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