Developing a Carbon Market

Scaling up carbon pricing initiatives is essential, especially in times of a fragmented climate regime, carbon border adjustment mechanisms, and a growing need to increase ambition and reduce greenhouse gas emissions. This book starts with the international climate framework and explores the design elements and main legal challenges of implementing the emissions trading system in Europe, particularly in Germany, as well as the positive elements that could be transferred to other countries, especially Brazil, when structuring this kind of carbon pricing initiative.