The legal architecture of carbon markets: from global governance to corporate accountability
The development of carbon markets requires the integration of international governance, contractual design, measurement systems and corporate accountability considerations.
Roberto Flores and Ana Diener examine the evolving legal architecture of carbon markets, from international governance under the Paris Agreement to the contractual and corporate accountability mechanisms that support their operation.
The publication addresses the interaction between compliance and voluntary markets, the role of measurement, reporting and verification (MRV) systems, and the ESG and enforcement considerations that help strengthen transparency, integrity and trust in carbon trading.
It also highlights the importance of clear legal structures to manage risk, ensure credit traceability and reinforce accountability among market participants.
