Commodity or Currency: How Carbon Credits Should be Traded To Achieve Environmental Integrity in Linked Cap-and-Trade Schemes

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atmire.migration.oldid4380
dc.contributor.advisorMascher, Sharon
dc.contributor.authorYam, Josephine Victoria
dc.date.accessioned2016-05-05T14:40:46Z
dc.date.available2016-05-05T14:40:46Z
dc.date.issued2016
dc.date.submitted2016en
dc.description.abstractPursuant to the Paris Agreement, many countries intend to fulfill their carbon mitigation obligations by operating cap-and-trade schemes. While desirable, linking various cap-and-trade schemes to form a global carbon market is complex because it involves the collaboration of disparate schemes that governments have developed independently of each other. Because governments will design such schemes according to their own domestic priorities, heterogeneous carbon credits created from these schemes will have varying levels of environmental integrity. This thesis examines whether carbon credits should be traded like commodities or like currencies to achieve environmental integrity in linked cap-and-trade schemes. This thesis recommends that heterogeneous carbon credits should be traded like currencies by using carbon exchange rates that calibrate their varying carbon mitigation values to make them truly fungible. A carbon currency trading model will ensure the environmental integrity of linked cap-and-trade schemes to collectively mitigate climate change on an international scale.en_US
dc.identifier.citationYam, J. V. (2016). Commodity or Currency: How Carbon Credits Should be Traded To Achieve Environmental Integrity in Linked Cap-and-Trade Schemes (Master's thesis, University of Calgary, Calgary, Canada). Retrieved from https://prism.ucalgary.ca. doi:10.11575/PRISM/25357en_US
dc.identifier.doihttp://dx.doi.org/10.11575/PRISM/25357
dc.identifier.urihttp://hdl.handle.net/11023/2971
dc.language.isoeng
dc.publisher.facultyGraduate Studies
dc.publisher.facultyLaw
dc.publisher.institutionUniversity of Calgaryen
dc.publisher.placeCalgaryen
dc.rightsUniversity of Calgary graduate students retain copyright ownership and moral rights for their thesis. You may use this material in any way that is permitted by the Copyright Act or through licensing that has been assigned to the document. For uses that are not allowable under copyright legislation or licensing, you are required to seek permission.
dc.subjectLaw
dc.subjectPolitical Science--International Law and Relations
dc.subjectPublic Administration
dc.subjectEngineering--Environmental
dc.subject.classificationParis Agreementen_US
dc.subject.classificationclimate changeen_US
dc.subject.classificationGreenhouse gas emissionsen_US
dc.subject.classificationcap-and-tradeen_US
dc.subject.classificationcarbon creditsen_US
dc.subject.classificationEnvironmental integrityen_US
dc.subject.classificationcarbon marketsen_US
dc.subject.classificationlinking cap-and-trade schemesen_US
dc.subject.classificationcarbon exchange rateen_US
dc.subject.classificationcurrencyen_US
dc.subject.classificationCommodityen_US
dc.titleCommodity or Currency: How Carbon Credits Should be Traded To Achieve Environmental Integrity in Linked Cap-and-Trade Schemes
dc.typemaster thesis
thesis.degree.grantorUniversity of Calgary
thesis.degree.nameMaster of Laws (LLM)
ucalgary.item.requestcopytrue
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