Carbon Finance is the first book to examine what activities and businesses are de-stablizing the carbon cycle, hydrology and temperature, and to assist the reader in understanding emission metrics such as carbon, carbon dioxide, and equivalents. Carbon Finance looks at a variety of risk transfer measures -- such as catastrophe bonds, weather derivatives, weather indexes, and other risk transfer measures used to mitigate severe weather risk. In addition, thc book looks at the Kyoto Protocol, its impact on Carbon Finance, critical market participants in Carbon Finance, and the role that Carbon Finance is now playing in sound corporate governance and value creation. It also looks at environmental finance and the role it will play on company valuations.