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Fraud and Carbon Markets: The Carbon Connection, written by Marius-Christian Frunza

Fraud and Carbon Markets: The Carbon Connection, written by Marius-Christian Frunza Abingdon, uk: Routledge, 2013, isbn 978-1-138-92809-1.Megan BowmanBanking on Climate Change: How Finance Actors and Transnational Regulatory Regimes are Responding, Alphen aan den Rijn, nl: Kluwer Law International, 2014, isbn 978-90-411-5223-7.This is a review of two diametrically opposed books, both of which have a perspective on the role of carbon pricing and financial markets in addressing the challenge of climate change. Frunza’s book examines, with a great deal of hyperbole, the vat fraud1 that blighted the eu emission-trading scheme in 2009. This most recent iteration of carousel tax fraud is claimed to be the ‘crime of the century’ (in the prologue) and an exemplar of the new age of organized crime that could topple European governments. In contrast, Banking on Climate Change is a meticulously researched, interview-based, and forward-looking study on the motivation of major financial actors to respond voluntarily to the challenge of climate change. Bowman’s methodological approach and broad knowledge of the nested-ness of voluntary rule adoption2 by the finance sector makes her book a point of departure for future research into how private finance can be brought to bear on the great challenge of our age.Fraud and Carbon Markets also has an empirical core. In Chapter 8, http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Climate Law Brill

Fraud and Carbon Markets: The Carbon Connection, written by Marius-Christian Frunza

Climate Law , Volume 7 (1): 4 – Jan 9, 2017

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Publisher
Brill
Copyright
Copyright © Koninklijke Brill NV, Leiden, The Netherlands
ISSN
1878-6553
eISSN
1878-6561
DOI
10.1163/18786561-00701004
Publisher site
See Article on Publisher Site

Abstract

Abingdon, uk: Routledge, 2013, isbn 978-1-138-92809-1.Megan BowmanBanking on Climate Change: How Finance Actors and Transnational Regulatory Regimes are Responding, Alphen aan den Rijn, nl: Kluwer Law International, 2014, isbn 978-90-411-5223-7.This is a review of two diametrically opposed books, both of which have a perspective on the role of carbon pricing and financial markets in addressing the challenge of climate change. Frunza’s book examines, with a great deal of hyperbole, the vat fraud1 that blighted the eu emission-trading scheme in 2009. This most recent iteration of carousel tax fraud is claimed to be the ‘crime of the century’ (in the prologue) and an exemplar of the new age of organized crime that could topple European governments. In contrast, Banking on Climate Change is a meticulously researched, interview-based, and forward-looking study on the motivation of major financial actors to respond voluntarily to the challenge of climate change. Bowman’s methodological approach and broad knowledge of the nested-ness of voluntary rule adoption2 by the finance sector makes her book a point of departure for future research into how private finance can be brought to bear on the great challenge of our age.Fraud and Carbon Markets also has an empirical core. In Chapter 8,

Journal

Climate LawBrill

Published: Jan 9, 2017

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