How Much of the Carbon Footprint is in the Financial Markets: Carbon Markets’ Performance and Establishment of the Carbon Central Bank

Osman Serdar Çıtak
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Osman Serdar Çıtak: İstanbul Medipol University

Journal of Finance Letters (Maliye ve Finans Yazıları), 2016, vol. 31, issue 105, 31-46

Abstract: The global climate change discussion in the framework of the Kyoto Protocol has clearly emphasized the need for reliable entity and projects targeted on reduction of greenhouse gases. Carbon markets – a market-based economic solution in the fight against climate change and creates a rational ground for the financing of carbon emission reduction; have continued to grow exponentially . Finally by comparing the results of related studies, this paper discusses carbon markets’ performance and the idea of establishment of a carbon central bank

Keywords: Carbon Footprint; Carbon Markets; Kyoto Proto¬col; Flexible Mechanism (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:acc:malfin:v:31:y:2016:i:105:p:31-46

DOI: 10.33203/mfy.312131

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