This Comment will provide a brief survey of the regulatory frameworks adopted by regional carbon trading markets to monitor, report, and verify (MRV) carbon emissions. It will then examine whether existing MRV regulations are sufficient to allow inter-regional cooperation between carbon trading markets, in particular, whether the MRV procedures are sufficient to allow the interchangeable carbon credits and offsets envisioned by the Kyoto Protocol.5 After reviewing the difficulties associated with creating harmonized MRV procedures in the absence of clearly delineated legal commitments in the Kyoto Protocol, the Comment will suggest how transnational environmental auditing standards might provide a temporary solution that will facilitate greater harmonization between regional markets in the absence of legally binding commitments from Annex I states.
Recommended CitationBraden Smith, Transnational Carbon-Trading Standards: Improving the Transparency and Coordination of Post-Kyoto Carbon Trading Markets, 30 Pace Envtl. L. Rev. 325 (2012)
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