The Handbook developed by the Emissions Marketing Association and Environmental Defense is designed to be the resource of first reference on emissions trading. The Handbook is designed to provide a practical guide to environmental-based trading programs and walks users through the emissions trading process step by step. Highlights include: History of Emissions Trading; Applying Emissions Trading to Other Environmental Markets; Basics of Trading; Portfolio Management, Risk Management, and Advanced Transaction Structures; and a glossary. English, Spanish, Portuguese and Japanese versions of the Handbook are available.