This textbook provides an introduction to environmental finance and
investments. The current situation raises fundamental questions that
this book aims to address. Under which conditions could carbon pricing
schemes contribute to a significant decrease in emissions? What are the
new investment strategies that the Kyoto Protocol and the emerging
carbon pricing schemes around the world should promote? In the context
of carbon regulation through emission trading schemes, what is the
trade-off between production, technological changes, and pollution?
What is the nature of the relation between economic growth and the
environment?
This book intends to provide students and practitioners with the
knowledge and the theoretical tools necessary to answer these and other
related questions in the context of the so-called environmental finance
theory. This is a new research strand that investigates the economic,
financial, and managerial impacts of carbon pricing policies.