Explaining the construction of global carbon markets: REDD+ as a test case? Online publication date: Thu, 26-Mar-2015
by Franziska Wolff
International Journal of Global Energy Issues (IJGEI), Vol. 35, No. 2/3/4, 2011
Abstract: Market-based instruments increasingly shape international environmental governance. Against this background, this paper puts forward a conceptual framework on the development of regulated global carbon markets. Regarding the adoption of carbon trading as an instance of wider shifts in governance allows us to benefit from the rich literature on (international) institutional change. At the same time it enables us to integrate existing social science accounts of the construction of carbon markets into a more generic conceptualisation. An analytical framework is suggested that models a set of five (recursively interacting) factors as causes of and influences on the development of international carbon markets: actor interests; power distribution; discourses; institutional dynamics and interaction; and exogenous shocks. The framework is applied to the empirical example of the emerging UNFCCC mechanism for 'Reducing Emissions from Deforestation and Forest Degradation in Developing Countries' (REDD+). Finally, the generalisability of the findings is discussed.
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Global Energy Issues (IJGEI):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email subs@inderscience.com
Our Blog 
Follow us on Twitter 
Visit us on Facebook