Winner of the Choice Outstanding Academic Titles of 2010 award.

This book is a comprehensive and accessible guide to understanding the opportunities offered by regulated and voluntary carbon markets for tackling climate change. Coverage includes:

- An overview of the problem of climate change, with a concise review of the most recent scientific evidence in different fields
- A highly accessible introduction to the economic theory and different constitutive elements of a carbon allowances market
- Explanation of the Kyoto Protocol and its flexibility mechanisms
- Explanation of how the EU Emissions Trading Scheme works in practice
- Ongoing developments in regulated carbon markets in the US
- Up-to-the-minute coverage of regulated carbon markets in Australia
- Developments in New Zealand and Japan
- Carbon offsetting and voluntary carbon markets.

Combining theoretical aspects with practical applications, this book is for business leaders, financiers, carbon traders, lawyers, bankers, researchers, policy makers and anyone interested in market mechanisms to mitigate climate change.

The carbon emissions resulting from the production of this book have been calculated, reduced and offset to render the bookcarbon neutral.

Published with CO2 Neutral

Acknowledgements Foreword by Sir Nicholas Stern List of Acronyms and Abbreviations Introduction 1 Climate Change 2 Emissions Trading: A New Tool for Environmental Management 3 The Kyoto Protocol 4 The EU Emissions Trading Scheme 5 US Carbon Markets 6 Emissions Trading in Australia 7 Other Emerging Mandatory Schemes 8 Voluntary Offsetting Market 9 Conclusion: Carbon Markets in the Age of Uncertainty Index