Alfredo Cabezas Ares is Assistant Professor at the Faculty of Legal and Social Sciences of URJC. He received his Ph.D. in Financial and Actuarial Science at University of Leon, entitled: “The Environmental Liability Insurance in the Industry”. His research is focused on the CO2 emissions markets and the measurement of the environmental industry. Recently, his research is focused on CO2 emissions, in the context of climate change, as well as on the carbon cycle,