This presentation provides an overview of carbon finance. It discusses how carbon finance explores the financial implications of a carbon-constrained world where carbon dioxide emissions are priced. It then discusses how various industries are directly affected by climate change. It also explains the Kyoto Protocol and how countries can meet emissions reduction commitments through domestic actions or purchasing offsets from other countries through mechanisms like Joint Implementation and the Clean Development Mechanism. Finally, it discusses the World Bank's involvement in carbon finance through various carbon funds it manages that invest in emissions reduction projects.