This brief explores two different types of carbon markets: baseline-and-credit mechanisms, which are primarily structured around offsetting and enable trade in certified emissions reductions between countries and companies (an example being the Clean Development Mechanism –CDM); and cap and trade schemes or emissions trading systems (ETS), which are based on agreed allowances and permits. [2]
Links:
[1] http://admin.indiaenvironmentportal.org.in/reports-documents/carbon-markets-and-standards-new-agenda-ldc-negotiators
[2] http://www.indiaenvironmentportal.org.in/files/file/carbon market and standards.pdf
[3] http://admin.indiaenvironmentportal.org.in/category/publisher/overseas-development-institute-odi
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/carbon-market
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/certified-emission-reduction
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/clean-development-mechanism-cdm
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/emissions-trading
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/cap-and-trade