Institutional Framework for the Global Carbon Market

This project carries out a gap-analysis versus existing institution and furthermore analyzes what the carbon market can learn from other integration processes, such as the development of the financial markets, the governance of monetary policy, and the institutional frameworks for international trade in goods and services. Different options for institutional governance, ranging from informal arrangements to the creation of an international organization with separate legal personality and rule-setting powers, will be assessed, as will the legal requirements and implications of their implementation. The project finally evaluates pros and cons of different international climate architectures from an institutional view and draw conclusions for a possible timeline of institutional developments in the ongoing integration process, but also possible limits to integration.

Reports

Options for a future climate change regime - Final Report
09 May 2007. Author: Michel Colombier