The 2021 Conference of Parties 26 (COP26) propelled nations to ramp up their climate targets and the concomitant Nationally Determined Contributions (NDCs) to reduce global greenhouse gas emissions. However, the updated NDCs and the announced pledges for 2030 remain insufficient and poorly aligned with the targets of the Paris Agreement.

This paper presents ways for China to achieve its climate goals while also attain high-quality growth—growth that is balanced, inclusive, and green.

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 provides an overview of progress on carbon taxes, emissions trading schemes (ETS) and voluntary carbon crediting mechanisms in Asia, identifying relevant policy gaps and giving suggestions based on the lessons and experiences with pertinent policy practices in this region.

The pace of emissions reductions of the People’s Republic of China (hereinafter, “China”) over the coming decades will be an important factor in global efforts to limit global warming to 1.5°C.

The COVID-19 pandemic has had a profound impact on carbon emissions in Europe. In 2020, emissions from stationary installations covered by the EU Emissions Trading System (EU ETS) declined by 11.4% (surpassing the 9% decrease seen in 2019). Aviation was even more acutely impacted.

This brief explores two different types of carbon markets: baseline-and-credit mechanisms, which are primarily structured around offsetting and enable trade in certified emissions reductions between countries and companies (an example being the Clean Development Mechanism –CDM); and cap and trade schemes or emissions trading systems (ETS), which

Most of the policy measures introduced in 2020 and 2021 as a response to the socioeconomic crises induced by the COVID-19 pandemic focused on addressing health concerns and a speedy economic recovery.

As part of a plan to decarbonize its economy by 2050, the European Union is considering the introduction of a carbon border adjustment mechanism (CBAM), to reduce the risk of carbon leakage and to level the field for European industries working towards decarbonization of their production processes.

This report provides an up-to-date overview of existing and emerging carbon pricing instruments around the world, including international, national and subnational initiatives.