{"id":"https://openalex.org/W2289714031","doi":null,"title":"Climate Change and Financial Markets: Regulating the Trade Side of Cap and Trade","display_name":"Climate Change and Financial Markets: Regulating the Trade Side of Cap and Trade","publication_year":2014,"publication_date":"2014-02-16","ids":{"openalex":"https://openalex.org/W2289714031","mag":"2289714031"},"language":"en","primary_location":{"id":"mag:2289714031","doi":null,"is_oa":true,"landing_page_url":"https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2396870","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"SSRN Electronic Journal","raw_type":null},"volume":null,"type":"preprint","is_traditional":true,"indexed_in":[],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2396870","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5056281690","display_name":"Jonas Monast","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I114027177","display_name":"University of North Carolina at Chapel Hill","ror":"https://ror.org/0130frc33","country_code":"US","type":"education","lineage":["https://openalex.org/I114027177"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Jonas Monast","raw_affiliation_strings":["UNC School of Law"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"UNC School of Law","institution_ids":["https://openalex.org/I114027177"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5056281690"],"corresponding_institution_ids":["https://openalex.org/I114027177"],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":false,"cited_by_count":2,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10471","display_name":"Climate Change Policy and Economics","score":0.9818999767303467,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10471","display_name":"Climate Change Policy and Economics","score":0.9818999767303467,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T14317","display_name":"Finance, Markets, and Regulation","score":0.007300000172108412,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12185","display_name":"Regulation and Compliance Studies","score":0.0024999999441206455,"subfield":{"id":"https://openalex.org/subfields/3321","display_name":"Public Administration"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/emissions-trading","display_name":"emissions trading","score":0.8560000061988831},{"id":"https://openalex.org/keywords/greenhouse-gas-emissions","display_name":"greenhouse gas emissions","score":0.7720000147819519},{"id":"https://openalex.org/keywords/financial-market-regulation","display_name":"financial market regulation","score":0.6570000052452087},{"id":"https://openalex.org/keywords/carbon-allowances","display_name":"carbon allowances","score":0.5669999718666077},{"id":"https://openalex.org/keywords/securities-regulation","display_name":"securities regulation","score":0.6430000066757202},{"id":"https://openalex.org/keywords/commodity-exchange-act","display_name":"Commodity Exchange Act","score":0.7200000286102295},{"id":"https://openalex.org/keywords/market-risk","display_name":"market risk","score":0.43799999356269836},{"id":"https://openalex.org/keywords/political-risk","display_name":"political risk","score":0.7549999952316284},{"id":"https://openalex.org/keywords/climate-policy","display_name":"climate policy","score":0.5989999771118164}],"concepts":[{"id":"https://openalex.org/C47737302","wikidata":"https://www.wikidata.org/wiki/Q167336","display_name":"Greenhouse gas","level":2,"score":0.580093264579773},{"id":"https://openalex.org/C51926234","wikidata":"https://www.wikidata.org/wiki/Q3312426","display_name":"Market microstructure","level":3,"score":0.5669319033622742},{"id":"https://openalex.org/C19244329","wikidata":"https://www.wikidata.org/wiki/Q208697","display_name":"Financial market","level":2,"score":0.5317360758781433},{"id":"https://openalex.org/C100405246","wikidata":"https://www.wikidata.org/wiki/Q8348417","display_name":"Emissions trading","level":3,"score":0.5248099565505981},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.4866943657398224},{"id":"https://openalex.org/C119008658","wikidata":"https://www.wikidata.org/wiki/Q17162779","display_name":"Nonmarket forces","level":3,"score":0.4732551872730255},{"id":"https://openalex.org/C528261146","wikidata":"https://www.wikidata.org/wiki/Q3072490","display_name":"Carbon finance","level":3,"score":0.4570673704147339},{"id":"https://openalex.org/C182306322","wikidata":"https://www.wikidata.org/wiki/Q1779371","display_name":"Order (exchange)","level":2,"score":0.45668140053749084},{"id":"https://openalex.org/C2993946284","wikidata":"https://www.wikidata.org/wiki/Q5037988","display_name":"Carbon market","level":3,"score":0.4549753665924072},{"id":"https://openalex.org/C33400823","wikidata":"https://www.wikidata.org/wiki/Q1419119","display_name":"Market depth","level":4,"score":0.4472551643848419},{"id":"https://openalex.org/C195534400","wikidata":"https://www.wikidata.org/wiki/Q641443","display_name":"Factor market","level":2,"score":0.42750269174575806},{"id":"https://openalex.org/C132651083","wikidata":"https://www.wikidata.org/wiki/Q7942","display_name":"Climate change","level":2,"score":0.42146462202072144},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.36305081844329834},{"id":"https://openalex.org/C18547055","wikidata":"https://www.wikidata.org/wiki/Q47417","display_name":"International economics","level":1,"score":0.32729947566986084},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.32458508014678955},{"id":"https://openalex.org/C34447519","wikidata":"https://www.wikidata.org/wiki/Q179522","display_name":"Market economy","level":1,"score":0.28181809186935425},{"id":"https://openalex.org/C2780762169","wikidata":"https://www.wikidata.org/wiki/Q5905368","display_name":"Horse","level":2,"score":0.0},{"id":"https://openalex.org/C2780299701","wikidata":"https://www.wikidata.org/wiki/Q475000","display_name":"Stock market","level":3,"score":0.0},{"id":"https://openalex.org/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C18903297","wikidata":"https://www.wikidata.org/wiki/Q7150","display_name":"Ecology","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"mag:2289714031","doi":null,"is_oa":true,"landing_page_url":"https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2396870","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"SSRN Electronic Journal","raw_type":null}],"best_oa_location":{"id":"mag:2289714031","doi":null,"is_oa":true,"landing_page_url":"https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2396870","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"SSRN Electronic Journal","raw_type":null},"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/13","score":0.833899974822998,"display_name":"Climate action"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":0,"referenced_works":[],"related_works":["https://openalex.org/W2407634987","https://openalex.org/W7120350932","https://openalex.org/W1597188292","https://openalex.org/W1510663360","https://openalex.org/W46273116","https://openalex.org/W4408243312","https://openalex.org/W2050745593","https://openalex.org/W4310680403","https://openalex.org/W1684639124","https://openalex.org/W4313332608"],"abstract_inverted_index":{"An":[0],"economy-wide":[1],"cap-and-trade":[2,30],"system":[3,31],"to":[4,50,74,143,154],"limit":[5],"the":[6,41,52,56,61,72,76,79,102,106,112,118,140,155,160,177],"nation\u2019s":[7],"greenhouse":[8],"gas":[9],"emissions":[10],"(GHGs)":[11],"would":[12,32],"create":[13],"a":[14,27,66,129,149],"large":[15],"new":[16,67],"financial":[17,68],"market.":[18,69],"Unlike":[19],"other":[20],"markets":[21],"that":[22,132],"typically":[23],"evolve":[24],"over":[25],"time,":[26],"national":[28],"GHG":[29],"be":[33],"worth":[34],"hundreds":[35],"of":[36,38,45,65,78,101,120,128],"billions":[37],"dollars":[39],"at":[40],"outset.":[42],"A":[43],"market":[44,53,85,94,109,114,124,131,145,150],"this":[46],"size":[47],"requires":[48],"attention":[49],"both":[51],"risks":[54,58],"and":[55,63,87,111,122,138,169],"political":[57],"associated":[59],"with":[60],"design":[62],"operation":[64],"Congress":[70],"has":[71],"opportunity":[73],"guide":[75],"development":[77],"market,":[80],"incorporating":[81],"best":[82],"practices":[83],"in":[84,105],"regulation":[86],"building":[88],"on":[89],"lessons":[90],"learned":[91],"from":[92],"recent":[93],"failures.":[95],"The":[96],"paper":[97],"provides":[98],"an":[99],"overview":[100],"key":[103],"issues":[104],"current":[107],"carbon":[108,130,144,156,172,183],"debate":[110],"larger":[113],"reform":[115],"measures,":[116],"describes":[117],"evolution":[119],"securities":[121],"commodities":[123,175],"regulation,":[125],"identifies":[126],"aspects":[127],"may":[133],"require":[134],"unique":[135],"regulatory":[136],"approaches,":[137],"discusses":[139],"three":[141],"approaches":[142],"oversight,":[146],"including:1.":[147],"Designing":[148],"structure":[151],"specifically":[152],"tailored":[153],"market;":[157],"2.":[158],"Using":[159],"existing":[161],"CEA":[162,178],"but":[163],"creating":[164],"specific":[165,180],"tweaks":[166],"for":[167,182],"carbon;":[168],"3.":[170],"Defining":[171],"allowances":[173],"as":[174],"under":[176],"without":[179],"provisions":[181],"trading.":[184]},"counts_by_year":[{"year":2022,"cited_by_count":1},{"year":2019,"cited_by_count":1}],"updated_date":"2026-10-12T09:40:04.860316","created_date":"2016-06-24T00:00:00"}