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1

Joskow, Paul L. Auction design and the market for sulfur dioxide emissions. National Bureau of Economic Research, 1996.

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2

F, Haites Erik, United Nations Environment Programme. Division of Technology, Industry, and Economics, UNEP Collaborating Centre on Energy and Environment, and Carbon Market Programme, eds. An emerging market for the environment: A guide to emissions trading. UNEP Collaborating Centre on Energy and Environment, 2002.

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3

Association, International Emissions Trading, ed. Greenhouse gas market 2003: Emerging but fragmented. International Emissions Trading Association, 2003.

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4

Raufer, Roger K. Acid rain and emissions trading: Implementing a market approach to pollution control. Rowman & Littlefield, 1987.

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5

Raufer, Roger K. Acid rain and emissions trading: Implementing a market approach to pollution control. Rowman & Littlefield, 1987.

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6

Raufer, Roger K. Acid rain and emissions trading: Implementing a market approach to pollution control. Rowan & Littlefield, 1987.

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7

Burney, Nelson E. Carbon tax and cap-and-trade tools: Market-based approaches for controlling greenhouse gases. Nova Science Publishers, 2009.

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8

Burney, Nelson E. Carbon tax and cap-and-trade tools: Market-based approaches for controlling greenhouse gases. Nova Science Publishers, 2009.

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9

Massachusetts Institute of Technology. Center for Energy and Environmental Policy Research, ed. Emissions trading under the U.S. acid rain program: Evaluation of compliance costs and allowance market performance. Center for Energy and Environmental Policy Research, 1997.

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10

Lecocq, Franck. State and trends of the carbon market 2004. World Bank, Carbon Finance Business, 2005.

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11

Agency, Minnesota Pollution Control. Sulfur dioxide emission credits: Report to the Minnesota Legislature on the market and effect of the Clean Air Act emission credit trading program. Minnesota Pollution Control Agency, 1996.

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12

Hadley, Stanton W. The impact of carbon taxes or allowances on the electric generation market in the Ohio and ECAR Region. Oak Ridge National Laboratory, 1998.

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13

(Organization), London Economics, ed. The Potential role of market mechanisms in the control of acid rain: A research report. HMSO, 1992.

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14

Bogojević, Sanja. Emissions trading schemes: Markets, states and law. Hart Publishing, 2013.

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15

United States. Congressional Budget Office, ed. Unintended consequences of price controls: An application to allowance markets. Congressional Budget Office, 2010.

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16

Leyre, Ben. A new climate for electricity: Emissions trading and power markets. CERA, 2003.

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17

Larson, Donald F. Risks, lessons learned, and secondary markets for greenhouse gas reductions. World Bank, Development Research Group, 1999.

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18

Huang, Yongfu. Determinants of Financial Development. Springer Nature, 2010.

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19

Marca, Weinberg, and United States. Department of Agriculture. Economic Research Service, eds. Baselines in environmental markets: Tradeoffs between cost and additionality. U.S. Dept. of Agriculture, Economic Research Service, 2012.

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20

Kottmeier, Birgit. Recht zwischen Umwelt und Markt: Zur rechtlichen Zulässigkeit von Kompensations- und Zertifikatmodellen im Umweltschutz. Mainz, 2000.

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21

Chichilnisky, Graciela. Markets for tradeable CO₂ emission quotas: Principles and practice. Organisation for Economic Co-operation and Development, 1995.

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22

Crimmins, Allison Myers. A framework for building an integrated global carbon market: Prospects for linking emission trading schemes. John F. Kennedy School of Government, 2010.

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23

Keppler, Jan Horst. Carbon pricing, power markets and the competitiveness of nuclear power. Nuclear Energy Agency, Organisation for Economic Co-operation and Development, 2011.

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24

Dargusch, P., and S. Thomas. Business of Carbon Offsets: Market Mechanisms and Climate Change. Elgar Publishing Limited, Edward, 2018.

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25

Dargusch, P., and S. Thomas. Business of Carbon Offsets: Market Mechanisms and Climate Change. Elgar Publishing Limited, Edward, 2012.

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26

Mehling, Michael. Legal Frameworks for Linking National Emissions Trading Systems. Edited by Kevin R. Gray, Richard Tarasofsky, and Cinnamon Carlarne. Oxford University Press, 2016. http://dx.doi.org/10.1093/law/9780199684601.003.0013.

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This chapter discusses the linking of emissions trading regimes for climate change governance. It also assesses the legal frameworks for linking as the process assumes varying degrees of formality, with implications for the legal nature and the procedural requirements of adoption. Linkage results in an enlarged market, promising greater diversity of abatement costs and thus more efficient achievement of climate change mitigation objectives. Linkage is also credited with promoting liquidity and reduced price volatility in the carbon market, helping reduce the likelihood of manipulation and abus
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27

The effect of emission permits and Pigouvian taxes on market structure. Fundación Biodiversidad, 2001.

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28

Ali, Paul A. U., and Kanako Yano. Eco-Finance: The Legal Design And Regulation Of Market-Based Environmental Instruments (International Environmental Law and Policy Series). Kluwer Law International, 2004.

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29

Munro, James. Emissions Trading Schemes under International Economic Law. Oxford University Press, 2018. http://dx.doi.org/10.1093/oso/9780198828709.001.0001.

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This book assesses whether—and how—emissions trading schemes are subject to international economic law. Through an analysis of trade and investment treaties and related jurisprudence, it argues that the objects of trade in these schemes, namely carbon units (also known as emissions permits or carbon credits), are capable of being legally characterized as ‘goods’, ‘services’, ‘financial services’, and ‘investments’ under international economic law. The sui generis properties of carbon units—such as their intangibility, their degree of permanence, their relationship to an economic activity perfo
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30

Bacon, Elise. Nitrogen credit trading in Maryland: A market analysis for establishing a statewide framework. Water Environment Research Foundation, 2002.

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31

Carbon Market: The Conference of the Parties for Combating Climate Change , Solutions and Implementation. World Scientific Publishing Co Pte Ltd, 2016.

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32

Carbon Market: The Conference of the Parties for Combating Climate Change , Solutions and Implementation. World Scientific Publishing Co Pte Ltd, 2019.

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33

Pearse, Rebecca. Pricing Carbon in Australia: Contestation, the State and Market Failure. Taylor & Francis Group, 2017.

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34

Environment, Dept of. The Potential Use of Market Mechanisms in the Control of Acid Rain (Environmental Economics Research Series). Stationery Office Books, 1992.

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35

Munro, James. A Taxonomy of Prima Facie Violations of International Economic Law. Oxford University Press, 2018. http://dx.doi.org/10.1093/oso/9780198828709.003.0008.

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Having determined that carbon units are, to varying extents, subject to international economic law, Chapter 8 assesses the consistency of emissions trading schemes and their rules affecting carbon units with that body of law. In particular, Chapter 8 identifies and evaluates the rules in emissions trading schemes affecting the trade, use, and value of carbon units that constitute prima facie violations of that body of law. It considers: (i) the differential treatment of carbon units that engages disciplines on non-discrimination; (ii) the quantitative restrictions on external carbon units that
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36

The institutional economics of market-based climate policy. Elsevier, 2004.

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37

EIA analysis of draft climate change legislation: Hearing before the Committee on Energy and Natural Resources, United States Senate, One Hundred Tenth Congress, first session, on analysis recently completed by the Energy Information Administration, "Energy market and economic impacts of a proposal to reduce greenhouse gas intensity with a cap and trade system," January 24, 2007. U.S. G.P.O., 2007.

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38

Yuen, Marion, and Peter C. Fusaro. Green Trading Markets:. Elsevier Science, 2005.

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39

Dept.of Environment. The Potential Use of Market Mechanisms in the Control of Acid Rain (Environmental Economics Research Series). Stationery Office Books, 1992.

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40

Emerging Markets for Emissions Trading. The Institute of Petroleum, 1998.

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41

Brohe, Arnauld. Carbon Markets. Routledge, 2015.

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42

James, Tom, and Peter C. Fusaro. Energy and Emissions Markets. Wiley & Sons, Incorporated, John, 2011.

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43

Hayes, Janelle Knox. The Cultures of Markets: The Political Economy of Climate Governance. Oxford University Press, 2016.

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44

Yuen, Marion, and Peter C. Fusaro. Green Trading Markets:. Elsevier Science, 2005.

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45

Pérez Henríquez, Blas Luis. Environmental Commodities Markets and Emissions Trading. Routledge, 2013. http://dx.doi.org/10.4324/9781936331918.

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46

Emissions Trading Schemes: Markets, States and Law. Bloomsbury Publishing Plc, 2014.

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47

Emissions Trading Schemes: Markets, States and Law. Bloomsbury Publishing Plc, 2013.

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48

Emissions Trading Schemes: Markets, States and Law. Bloomsbury Publishing Plc, 2013.

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49

James, Tom, and Peter C. Fusaro. Energy and Emissions Markets: Collision or Convergence? Wiley & Sons, Incorporated, John, 2011.

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50

James, Tom, and Peter C. Fusaro. Energy and Emissions Markets: Collision or Convergence? Wiley & Sons, Incorporated, John, 2011.

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