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This book contains a synthesis of the results of the project "Climate Change Policy and Global Trade" financed by the European Commission under the Energy, Environment and Sustainable Development programme within the Fifth Framework Programme (Contract N EVK2-CT-2000-00093). The project aimed at providing quantitative insights into the impacts of two important international policy initiatives: (i) multilateral agreements on climate protection strategies, and (ii) trade agreements towards global trade liberalisation. Research in this project involved several institutions: Zentrum fur Europaische Wirtschaftsforschung, Mannheim (ZEW - Centre for European Economic Research, coordinator), ICCS of National Technical University of Athens (ICCSINTUA), Tinbergen Institute, Erasmus University Rotterdam (TI), Middlesex University Business School, London (MUBS), University of Rostock (UROS), and Metroeconomica Limited, Bath (MET). Nikolaos Christoforides (European Commission, DG Research) supervised the project and provided valuable input. We would like to thank him as well as Pierre Valette (DG Research) and Katri Kosonen (DG Taxation) for their helpful comments.The views expressed in this volume are those of the authors and do neither reflect the opinion ofthe Conunission nor ofits officials. Weare obliged to Frauke Eckermann for diligent and dedicative management assistance throughout the project. Furthermore, we would like to thank Andreas Pfeiff, Elisabeth Baier, Patrick Jochem, and Christoph Skupnik for assistance in putting together this book.