Practical implementation of the proposed networked market

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Chapter 7 in Effective Global Carbon Markets, 2020, pp 136-157 from Edward Elgar Publishing

Abstract: This chapter sets out the elements of the model proposed in practical detail, explaining how it is envisaged the market would operate in practice. It covers infrastructure of the market; rules for the operation of the distributed ledger; operational mechanisms that will be required, being a mechanism for valuing differences in mitigation value of units from participating jurisdictions and a mechanism to effect transactions; the transactional rules that form part of the regulatory framework; and the participants, on a jurisdictional, cross-jurisdictional and supra-jurisdictional basis.

Keywords: Economics and Finance; Environment; Law - Academic (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (1)

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