Carbon pricing is increasingly recognized as an important source of government revenue. Carbon revenues can be crucial in supporting cost-effective climate mitigation, industrial competitiveness and other economic and development objectives.
This paper is designed to provide comprehensive details on the carbon markets across the major Asian economies and with specific attention to the Chinese carbon market. Particularly discuss the carbon markets across the major northeast (the People’s Republic of China [PRC], Japan, and the Republic of Korea) Asian economies.
This policy brief presents insights that can be derived from the gap indicators in the ‘global stocktake’ dynamic web tool. Know that there is a global emissions gap, as current policies on the national level are insufficient to accomplish the objective of the Paris Agreement to keep temperature increase to well below 2 °C.
This report provides an up-to-date overview of existing and emerging carbon pricing instruments around the world, including international, national and subnational initiatives.
This paper presents the potential benefits and challenges of enhanced international co-ordination on carbon pricing and outlines the different types and levels of co-ordination that are available for national and sub-national governments.
The project that is summarised in this report had a twofold objective. First, it aimed to conduct a detailed analysis of the provisions related to market mechanisms of the Paris Agreement (Article 6), and to identify issues that should be taken into account when elaborating the rulebook for the Paris Agreement.
A Japanese government panel on Tuesday urged the country to aim to be carbon-neutral as soon as possible after 2050 through innovations such as the wide use of carbon dioxide (CO2) capture technolo
This publication presents a factual overview of the design and implementation of the Korean Emissions Trading Scheme, focusing on lessons from its implementation and opportunities under the Paris Agreement. It provides information to assist other countries that are designing or considering an emissions trading system.
Article 6 of the Paris Agreement establishes a framework for international cooperation that enables countries to engage in international carbon market mechanisms. Article 6.4 establishes a new crediting mechanism with international oversight.
The EU Emissions Trading System (EU ETS) is the world’s largest carbon market and has become a model for market-based approaches to reduce greenhouse gas emissions in other world regions.
