Understanding the success of non-state regulators in voluntary carbon markets
: systems of limited choice

Student thesis: Doctoral ThesisDoctor of Philosophy


Certifications are often referred to as non-state regulators. At the same time, as firms do, certifications often compete against similar organisations. Do they, then, behave as firms, regulators, both, or neither? What drives their success?

Since the full ‘firm/regulator’ puzzle above is enormous, this project focuses on voluntary carbon offset certifications as a representative case. It joins analytical tools from organisational economics (transactions costs) and political science (audience costs) to assess four expectations: …
Date of Award1 Dec 2019
Original languageEnglish
Awarding Institution
  • King's College London
SupervisorChristel Koop (Supervisor) & Scott James (Supervisor)

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