Incluye referencias bibliográficas e índice. CONTENIDO: Introduction -- Climate change and the role of carbon credits: an overview -- Introduction to carbon market -- Trends in demand and supply in the carbon markets -- Selling credits in advance: ex-ante credits and emission reduction purchase agreements (ERPAs) -- Carbon credit prices and what determines them -- Development of carbon project: the different stages of the process -- The players in the carbon industry: who's who, and who do you really need? -- Carbon credits from land use, land use change and forestry: a special case -- A comparison of certification standards -- Calculating the amount of credits you can produce -- Conclusion: what we have learned about the carbon markets.