Carbon Markets Under the Kyoto Protocol : Lessons Learned for Building an International Carbon Market Under the Paris Agreement

This paper provides a critical analysis of the experience with carbon markets under the Kyoto Protocol. While large differences exist between the conditions under the Kyoto Protocol and the Paris Agreement in terms of scope, level of centralisation and logic, this paper draws important lessons learned from carbon trading under Kyoto that are valuable to inform the development of the next generation international carbon markets under the Article 6 of the Paris Agreement.

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Carbon Markets Under the Kyoto Protocol : Lessons Learned for Building an International Carbon Market Under the Paris Agreement

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Marino Varricchio attended the 4th ICM Forum in Pau