Carbon market mechanisms in future international cooperation on climate change

Carbon Pricing
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This discussion paper provides an overview of the development of the international carbon market mechanisms and emerging domestic carbon pricing systems, and lays out three distinct but potentially complementary options for market mechanisms in a future climate change agreement. Options for narrowing the emissions gap before 2020 using market mechanisms are also explored. Recommendations for short term action for the G7 countries are given.

Contacts for further information: Niklas Höhne, Carsten Warnecke, Thomas Day