Climate Change : Globe Law and Business : 9781905783120 : 1905783124 : 01 Jun 2008 : The development of the carbon markets on the back of laws designed to mitigate climate change has been swift. Billions of euros of emission rights are now being traded around the world under cap and trade markets such as the EU Emissions Trading Scheme and from projects under the Kyoto Protocol. This market looks set to expand significantly over the next few years, with a number of countries, including the United States and Australia, considered likely to introduce market-based climate change mitigation measures. In addition, climate change issues are now impacting on a number of other more traditional practice areas for lawyers, including litigation, transactional work and real estate. Featuring a Preface by HRH The Prince of Wales, this important title introduces climate change law and describes how it has evolved. The book describes how carbon projects - particularly those under the Kyoto Protocol