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Aimed at the increasing number of policy-makers, stakeholders, researchers, and other professionals working on climate change, this volume presents a detailed description and analysis of the international regime established in 1992 to combat the threat of global climate change. It provides a comprehensive accessible guide to a high-profile area of international law and politics, covering not only the obligations and rights of countries, but ongoing climate negotiations as well.

Climate change is an environmental problem of unprecedented complexity, not just in terms of its physical, social, economic and political impacts, but particularly in terms of the range of policy instruments being designed by countries to reduce greenhouse gas emissions. Climate Change and Carbon Markets aims to provide an accessible and practical guide to cutting edge market-based mechanisms which will reduce greenhouse gas emissions. This book is a guide for national and international policy-makers and industry professionals, who need to understand the carbon markets established pursuant to...

Aimed at the increasing number of policy-makers, stakeholders, researchers, and other professionals working on climate change, this volume presents a detailed description and analysis of the international regime established in 1992 to combat the threat of global climate change. It provides a comprehensive accessible guide to a high-profile area of international law and politics, covering not only the obligations and rights of countries, but ongoing climate negotiations as well.

* Thorough, authoritative explanation of the instruments involved in the carbon trading market being launched through the EU Emissions Trading Scheme, the Kyoto Protocol and other mechanisms
* The market for carbon and greenhouse gas permits will be huge --potentially as large as the fossil fuel, (oil, gas and coal] markets it aims to counteract
* Essential practical guide and reference for those involved in the market and its development, from industry and finance to policy-makers

On January 1, 2005, the EU Emissions Trading Scheme [ETS] comes...