ECONOMIC MECHANISMS FOR THE FUNCTIONING OF THE CARBON MARKET

Аннотация

The carbon market represents a critical mechanism in the global effort to address climate change by putting a price on carbon emissions. This paper explores the economic mechanisms underpinning the functioning of the carbon market, including emissions trading systems (ETS), carbon taxes, and other market-based approaches. It examines the impact of these mechanisms on economic efficiency, environmental sustainability, and policy considerations. Through a comprehensive analysis of the carbon market, this study aims to provide insights into the complex interplay between economic incentives, regulatory frameworks, and environmental goals in the transition to a low-carbon economy.