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    Emissions Trading Schemes and Their Linking: Challenges and Opportunities in Asia and the Pacific

    Asian Development Bank | June 2016
    Abstract
    Asia and the Pacific has achieved rapid economic expansion in the recent years and has become a major source of greenhouse gas (GHG) emissions. With more than half of the world's population and high rates of economic growth, the region is especially vulnerable to the effects of climate change and therefore must play its part in cutting GHG emissions. The Paris Agreement adopted last December 2015 at the United Nations Framework Convention on Climate Change COP21 aims to restrict global warming to well below 2o C above preindustrial levels and to pursue efforts to reach 1.5oC - which is especially relevant to Asia and the Pacific region given its vulnerability. This knowledge product highlights how robust policies on emissions trading systems (ETS) can be important tools in reducing GHG emissions in a cost-effective manner, as well as supporting the mobilization of finance together with deployment of innovative technologies. There are currently 17 ETSs in place in four continents and account for nearly 40% of global gross domestic product. In Asia and the Pacific region, there are 11 systems operating, with more being planned. The growing wealth of experience on ETSs can be valuable to support DMCs that are planning and designing new systems of their own. This knowledge product summarizes some of the most significant learning experiences to date and discusses some of the solutions to alleviate challenges that have been faced. It also examines the possibilities for future linked carbon markets in the region.
    Citation
    Asian Development Bank. 2016. Emissions Trading Schemes and Their Linking: Challenges and Opportunities in Asia and the Pacific. © Asian Development Bank. http://hdl.handle.net/11540/6632. License: CC BY 3.0 IGO.
    PDF ISBN
    978-92-9257-373-7
    Print ISBN
    978-92-9257-372-0
    Keywords
    Climatic change
    Greenhouse effect
    Ozone depletion
    Modes of transport
    Road traffic
    Buses
    Commuting
    Urban traffic
    Tranport statistics
    Transport networks
    Climate
    Climate change
    Transport
    Demand For Transport
    Means Of Transport
    Nonmotorized Transport
    Transport Costs
    Transport Efficiency
    Transport Infrastructure
    Transport Planning
    Climate and civilization
    City planning
    Urban climatology
    Climate change mitigation
    Global warming
    Clean energy investment
    Risk return relationship
    Communication and traffic
    Local transit
    Demand responsive transportation
    Passenger traffic
    Traffic engineering
    Mass transit
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    Citable URI
    http://hdl.handle.net/11540/6632
    Metadata
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    emissions-trading-schemes.pdf (2.206Mb)
    Author
    Asian Development Bank
    Theme
    Climate
    Transport
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise