“…Dominant amongst these are studies of the EU ETS (Cass 2005, Pinkse and Kolk 2007, Voß 2007, Skjaerseth and Wettestad 2008, and many other articles; Baldwin 2008, Braun 2009, van Asselt 2010, and the Clean Development Mechanism (CDM) (Green 2008, Boyd 2009, Pulver et al 2010, Shin 2010). There are, however, also some studies of the Regional Greenhouse Gas Initiative (RGGI) (Rabe 2004, Selin and VanDeveer 2011, New Zealand (Hood 2010, see also Bullock 2012, the UK pilot emissions trading scheme (Nye and Owens 2008) and the Voluntary Carbon Market (VCM, see Bumpus and Liverman 2008). Furthermore, some broad comparative articles explore the patterns of policy development across different markets (see in particular Betsill andHoffmann 2011 andPaterson 2012), while others explore the CDM in the context of a 'varieties of capitalism' argument 4 about how this shapes national CDM governance systems (Friberg 2009, Fuhr and Lederer 2009, Schroeder 2009).…”