What does this research mean for the field?

Carbon markets are a vital policy instrument capable of accelerating climate goals and driving economic growth, provided that existing challenges in governance, inclusivity, and regulation are addressed. Novelty: ClaimNovelty.SYNTHESIS. Consensus alignment: ConsensusAlignment.NEUTRAL.

What question did this study set out to answer?

To examine the development, current mechanisms, stakeholder processes, and systemic barriers of carbon markets in mitigating global greenhouse gas emissions.

August 27, 2026Open Access

Carbon Markets as key policy instrument to combat Global emissions

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Authors

AHAshwath Hegde GHGanesha B H PKPurushottam KumarBirla Institute of Technology, Mesra

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Implication

Review outlines mechanisms and challenges of global carbon markets, highlighting their potential to drive emission reductions and advance net-zero goals.

Key Points

To examine the development, current mechanisms, stakeholder processes, and systemic barriers of carbon markets in mitigating global greenhouse gas emissions.
Synthesized international climate policy frameworks stemming from the Kyoto Protocol and Paris Agreement.
Evaluated compliance cap-and-trade systems, voluntary credit mechanisms, and emerging technological interventions such as blockchain tokenization.
Identified persistent structural challenges including project validation conflicts of interest, regulatory ambiguities, and low participation rates among small-scale stakeholders.
Highlighted the need for strengthened governance, micro-carbon project integration, and inclusive policies to support long-term decarbonization goals such as net-zero targets.

Cite This Study

Hegde et al. (2026) studied this question.

synapsesocial.com/papers/6a8fe9da10c91c1e92621d76 https://doi.org/10.5281/zenodo.22091867

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Implication

Review outlines mechanisms and challenges of global carbon markets, highlighting their potential to drive emission reductions and advance net-zero goals.

Carbon Markets as key policy instrument to combat Global emissions

Discussion

Member takes

Implication

Key Points

Cite This Study

Carbon Markets as key policy instrument to combat Global emissions

Discussion

Member takes

Implication

Key Points

Cite This Study

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