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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...

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Acknowledgements -- Executive Summary -- 1 The Historical Context of Payments for Environmental Services -- 2 Payments for Environmental Services: Revisiting the Theoretical Baseline Assumptions -- 3 The Practical Perspective of Environmental Services Management -- 4 Conclusions -- Annex.

1 Introduction -- 2 The Issue of Climate Change.- 3 The Rise of the Emission Markets -- 4 The Economics of Mitigation Strategies -- 5 The Finance of Environment Investments -- 6 The Emission Price Dynamics -- Bibliography