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Item Details
Title: RISKY BUSINESS
LESSONS IN RISK MANAGEMENT FOR AN INTERNATIONAL GREENHOUSE GAS EMISSIONS MARKET - A CLIMATE NOTE
By: Jim Perkaus, Kevin Baumert, Fran Irwin
Format: Paperback

List price: £4.50


We currently do not stock this item, please contact the publisher directly for further information.

ISBN 10: 1569734798
ISBN 13: 9781569734797
Publisher: WORLD RESOURCES INSTITUTE
Pub. date: 31 July, 2001
Pages: 24
Synopsis: The devastating impacts of the Asian financial crisis of 1997-98 serve as only the most recent reminder that all liberalised financial markets critically depend on regulatory frameworks that incorporate sound risk-management principles. An international market for greenhouse gas emissions rights will be no exception. Risky Business identifies three risk-management principles as particularly pertinent to this emerging market: establishing transparency and disclosure rules; properly sequencing regulatory policies (so safeguards are in place before large-scale international capital flows begin); and avoiding perverse incentives that result in excessive risk taking. The report also offers recommendations to facilitate their implementation, such as imposing a pre-trading eligibility screening on all countries and establishing a liability rule that properly aligns risks.
Publication: US
Imprint: World Resources Institute
Returns: Non-returnable
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