This paper builds on the findings of an earlier unpublished discussion paper titled "designing a model for networked carbon markets", with its objective being to describe key elements of the mitigation value assessment process. The outcome of this paper will inform a model for the Networked...

This discussion paper reviews the literature on experiences with innovation under the existing emissions trading schemes in the USA. The basic result from this review is that the innovation effects triggered by emissions trading have been limited because a) targets were not constraining in the...