The Kyoto Protocol and role of the European Union: regulation between tradable-pollution-rights and market policies

Carlalberto Guglielminotti – Prof. Salvadori
European Law and Policy Review, Giappichelli // 1 September 2007

Climate change is arguably one of the greatest challenges to the international community. The paper analyzes the United Nation Framework Convention on Climate Change within the context of the international policies as well as the more powerful measures adopted with the Kyoto Protocol in order to reduce greenhouse gases emissions. The paper focuses on the market-based instruments for the achievement of reduction objectives set by the Kyoto Protocol and as well as all related aspects of structured finance.