Cheap Climate change is one of the greatest environmental challenges facing todays world. The United Nations Framework Convention on Climate Change and the Kyoto Protocol aim at enabling the State Parties to mitigate and adapt to climate change, although they recognize that this will be very costly. Therefore, the Kyoto Protocol contains flexibility mechanisms such as international emissions trading, with the goal of enabling the Parties to achieve their targets at the least possible cost. This book explores the viability of the international emissions trading system in helping the State sale
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