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Legal Aspects of Carbon TradingKyoto, Copenhagen, and beyond$
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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

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Private Actors in International and Domestic Emissions Trading Schemes

Private Actors in International and Domestic Emissions Trading Schemes

(p.134) 6 Private Actors in International and Domestic Emissions Trading Schemes
Legal Aspects of Carbon Trading

Jolene Lin

Oxford University Press

This chapter analyzes the risks and opportunities for private entities in the international climate regime and domestic emissions trading schemes, respectively. It begins with an overview of carbon markets and the ways in which private actors are involved. Section 3 focuses on the risks involved in project-based transactions, which is the type of transactional activity that private actors are most likely to engage in. Section 4 discusses some of the risks that private actors face in the European Union Emissions Trading Scheme (EU ETS). Section 5 looks briefly at the new issues and risks raised by Phase III of the EU ETS, and section 6 concludes the discussion.

Keywords:   emissions trading, carbon market, project-based transactions, European Union Emissions Trading Scheme

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