Sanja BogojevićClimate Change: its Challenges for the

International Legal System

Emissions trading literature fails to address and scrutinize the law behind emission trading schemes

Emissions trading literature exists in disciplinary and cross-jurisdictional blur

Where and how to start a legal analysis

Construct models as educational tools

Portray the various ways in which emission trading schemes are understood in the literature and set out key principles that underlie such conceptualisation

Economic

Efficiency Model Private

Property

Rights Model

Command-and-Control Model

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.

Emission trading schemes are not a regulatory dream but a set of complex legal constructions, which require a stronger voice from legal scholarship