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Constructing an International Market for Carbon Traning - An Institutional Perspective

Mitigating climate change requires the collaborative and international management of a range of socio-economic processes that produce greenhouse gas emissions. Governments in a number of regions are developing carbon markets to mitigate climate change by limiting the production of greenhouse gases. This thesis examines the construction of carbon markets in the United States and Europe to understand what role these markets play in mitigating climate change. Using a relational economic geography framework and institutional theory, I frame the markets into two components: 1) the regulatory structures which give the markets existence and bound their rules of operation, and 2) the financial and service components which operationalized the markets.


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