d how they are currently comprised, it is little wonder that legal practitioners play a very important role. Carbon markets, and the commodities of carbon credits traded on carbon markets, are created and influenced by international, regional and national law and regulation. At the International level, the UNFCCC, the Kyoto Protocol, the Marrakesh Accords and the subsequent COP/MOP decisions are creatures of International law, agreed through compromise and consensus. The final language in these instruments often reflects the outcome of lon