It was the first time that the Intergovernmental Panel on Climate Change(IPCC),which was founded in 1988,regarded climate change as a significant international political problem(O'Brien and Williams 2007).Over the next decades,environmentalist and policy makers have been applying many efficient ways to solve various environmental problems and have gained achievements.With the support of successful cases,this paper will focus on the market-based solutions and discuss its advantages compared with the conventional approach.
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