Increasingly, companies across sectors and geographies are turning to an internal carbon price as one tool to help them reduce carbon emissions, mitigate climate-related business risks, and identify opportunities in the transition to a low-carbon economy.
The Asian Development Bank (ADB), in a report launched, has proposed the creation of national green financing vehicles to catalyze environmentally and financially sustainable infrastructure investments in Asia and the Pacific.
The purpose of this issue brief is to provide an overview of the latest movement of the emissions trading scheme (ETS), with a focus on the three key Asian carbon markets in Tokyo, China (esp. the pilots) and the Republic of Korea (hereinafter abbreviated as Korea).
This report, produced by Carbon Tracker, Principles for Responsible Investment (UN PRI) and leading institutional investors, is the first to rank 69 of the biggest oil and gas industry companies according to the extent of their exposure to the low-carbon transition.
Emissions trading is now a well-established tool for reducing greenhouse gas (GHG) emissions in an effort to mitigate the impacts of global climate change. By the end of 2017, Emissions Trading Systems (ETSs) will regulate more than seven billion tons of CO2e, with 19 systems operating worldwide.
This policy brief suggests that carbon pricing can accelerate the diffusion of lowcarbon technology in China, based on the results of empirical studies conducted by Kansai Research Centre of IGES focusing on China’s most energy intensive industries. Many low-carbon technologies are profitable but require some initial investment.