- Series Information
- The Oxford Handbook of Economic and Institutional Transparency
- List of Figures and Tables
- List of Contributors
- The Multifaceted Concept of Transparency
- Constitutional Transparency
- Monetary Policy Transparency
- Fiscal Policy Transparency
- Transparent and Unique Sovereign Default Risk Assessment
- Transparency and Competition Policy in an Imperfectly Competitive World
- Transparency in International Trade Policy
- Transparency of Climate Change Policies, Markets, and Corporate Practices
- Transparency of Human Resource Policy
- Transparency of Innovation Policy
- Labor Market Transparency
- Transparency of Financial Regulation
- Price Transparency and Market Integration
- Transparency and Inward Investment Incentives
- Transparency and Corruption
- Multinational Corporations’ Relationship with Political Actors: Transparency versus Opacity
- Corporate Governance and Optimal Transparency
- Transparency Differences at the Top of the Organization: Market-Pull versus Strategic Hoarding Forces
- Governance Transparency and the Institutions of Capitalism: Implications for Finance
- Transparency and Executive Compensation
- Transparency and Disclosure in the Global Microfinance Industry
- Accounting Transparency and International Standard Setting
- Transparency of Fair Value Accounting and Tax
- Transparency of Corporate Risk Management and Performance
- Stress Testing, Transparency, and Uncertainty in European Banking: What Impacts?
- Author Index
- Subject Index
Abstract and Keywords
This chapter considers transparency with respect to carbon markets, government policies on climate change, and corporate exposures and disclosure practices concerning climate-related risks. It discusses carbon market issues concerning the infrastructure and transactions in three market segments: voluntary markets, emission allowances allocated by governments including the European Union, and project-based emission reduction credits as mandated by the Clean Development Mechanism and Joint Implementation programs of the Kyoto Protocol. It also examines corporate practice issues that reflect the exposure of firms to various risks posed by the consequences of climate change, as well as government policy issues involving policymaking processes and outcomes in several policy areas, such as monitoring, reporting, and verifying of countries’ greenhouse gas emissions.
Thomas L. Brewer, Senior Fellow, International Centre for Trade and Sustainable Development (ICTSD), Geneva, Switzerland.
Michael Mehling, Executive Director, Center for Energy and Environmental Policy Research (CEEPR), Massachusetts Institute of Technology, Cambridge, MA.
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