The international carbon market, as we see it today, is the result of the early regulatory efforts to mitigate climate change.
Links:
[1] http://admin.indiaenvironmentportal.org.in/feature-article/carbon-market-development-india-growth-story
[2] http://admin.indiaenvironmentportal.org.in/category/author/pamposh-bhat
[3] http://admin.indiaenvironmentportal.org.in/category/journal/inwind-chronicle
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/climate-change
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/kyoto-protocol
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/climate-mitigation
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/energy-efficiency
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/renewable-energy
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/clean-development-mechanism-cdm
[10] http://admin.indiaenvironmentportal.org.in/category/thesaurus/private-sector
[11] http://admin.indiaenvironmentportal.org.in/category/thesaurus/india