Contents:

Introduction Kenny Tang Oxbridge Capital SECTION 1: FRAMEWORK AND FINANCE POLICY ISSUES 1 A Changing Climate for the Finance and Insurance Sector Kenny Tang; Andrew Dlugolecki Oxbridge Capital; University of East Anglia 2 Climate Change and Capital James Cameron, James Allen Climate Change Capital 3 The "Finance-Policy" Gap: Policy Conditions for Attracting Long-Term Investment Kirsty Hamilton International Policy Consultant 4 REEEPing the Benefits: The Case for Renewable Energy Marianne Moscoso-Osterkorn, Mike Allen REEEP SECTION 2: FINANCING AND CARBON FUNDS 5 Commodifying Carbon Martijn Wilder, Monique Willis, Katherine Lake Baker McKenzie 6 Securing Investment for Climate-Friendly Projects: Uses and Limitations of Carbon Trading Karen McClellan CIP 7 Unlocking Additionality in CDM Projects Gerhard Mulder ABN AMRO Bank 8 Procuring Carbon: The Dutch JI/CDM Approach Through ERUPT/CERUPT Stefan Leclaire, Daniël van der Weerd SenterNovem 9 Financing Photovoltaic Projects – Plus ça change, plus c'est la même chose? Stefan Schmitz Field Fisher Waterhouse SECTION 3: TRADING PERSPECTIVES 10 Carbon Facilities as a Means of Sourcing Emission-Reduction Credits Pedro Moura Costa; Bruce Usher; Allan Walker EcoSecurities; Standard Bank 11 Purchasing Pools in Corporate Carbon Compliance: Survey of the Strategic Advantages Dirk Forrister; Paul Vickers Natsource Europe (London); Natsource Asset Management 12 Choices Facing Firms in a CO2 Cap-and-Trade Emissions Trading Scheme Charles Donovan; Mustafa Hussain Enviros Consulting; Frontier Economics 13 Banking the Valuation of the Commons Claire Byers Fortis Bank 14 Weather Derivatives and Carbon Emissions Trading Stephen Jewson; Stuart Jones RMS; Centrica 15 Verifying Value: The Anchor for the Carbon Emissions Markets James Anderson BSI SECTION 4: INVESTOR PERSPECTIVES 16 Corporate Carbon Disclosure – The Work of the CDP Paul Dickinson Carbon Disclosure Project 17 Investor Collaboration on Climate Change: The Work of the IIGCC Rory Sullivan; Nick Robins; David Russell; Helen Barnes Insight Investment; Henderson Global Investors; Universities Superannuation Scheme; IIGCC 18 Climate Change, Investment Risk and Fiduciary Responsibility Matthew Kiernan Innovest Strategic Value Advisors SECTION 5: SECTOR DEVELOPMENTS 19 Climate Change and the Automotive Industry – Impact on Companies' Value Philipp Mettler SAM Research AG 20 Climate Change Policies and Energy Intensive Industry David Pocklington, Richard Leese British Cement Association 21 Best Practice in Strategies for Managing Carbon Abyd Karmali ICF Consulting 22 Aviation and Climate Change: Can Emissions Trading Deliver a Solution? Andrew Sentance, Andy Kershaw British Airways 23 Insuring Climate Change: Implications for the Insurance Industry George Walker; Charles Crosthwaite Eyre; Alan Punter Aon Re Australia; IRMG, Aon Ltd; Aon Capital Services Ltd 24 Protecting Your Carbon Asset: Risk and Insurance in the Greenhouse Gas Markets Christopher Walker, Brian Thomas Swiss Re SECTION 6: GLOBAL DEVELOPMENTS 25 CDM Financing and its Practice – An Asian Perspective Kyoko Tochikawa, Mari Yoshitaka, Junji Hatano Mitsubishi Securities 26 CDM and Renewable Energy in China Lu Xuedu; Li Junfeng; Song Yanqin; Liu Yingchun Tsinghua University; Chinese Renewable Energy Industries Association; Energy Research Institute of National Development and Reform Commission; Building Capacity for CDM in China 27 Making Climate-Change Investments in Emerging-Market Countries Mark Goldsmith, Ben McKeown Actis Capital LLP 28 The Clean Development Mechanism in Sub-Saharan Africa: Left Out but not Left Behind William Greene Africapractice 29 The Spectre of Liability: Part 1 – Attribution Myles Allen Oxford University 30 The Spectre of Liability: Part 2 – Implications Myles Allen Oxford University