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Sanja BogojevićClimate Change: its Challenges for the
International Legal System
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Emissions trading literature fails to address and scrutinize the law behind emission trading schemes
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Emissions trading literature exists in disciplinary and cross-jurisdictional blur
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Where and how to start a legal analysis
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Construct models as educational tools
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Portray the various ways in which emission trading schemes are understood in the literature and set out key principles that underlie such conceptualisation
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Economic
Efficiency Model Private
Property
Rights Model
Command-and-Control Model
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That when we discuss emission trading schemes, we in fact refer to a set of diverse regulatory strategies, which are understood to respond to a set of diverse problems.
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Emission trading schemes are not a regulatory dream but a set of complex legal constructions, which require a stronger voice from legal scholarship