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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 2 degrees C above pre industrial levels and to pursue efforts to reach 1.5 degrees C - 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/11540/9005. License: CC BY 3.0 IGO.
    PDF ISBN
    978-92-9257-373-7
    Print ISBN
    978-92-9257-372-0
    Keywords
    Work Environment
    Urban Environment
    Social Environment
    Regulatory Environments
    Marine Environment
    International Environmental Relations
    Institutional Environment Assessment
    Global Environment
    Environmental Sustainability
    Environmental Strategy
    Environmental Services
    Environmental Resources
    Environmental Management and Planning
    Environmental Issues
    Environmental Guidelines
    Environmental Effects
    Environment and Pollution Prevention
    Climate
    Climate change
    Climate impacts assessment
    Global climate change
    Emission Control
    Environmental Control
    Environmental Technology
    Land Development
    Forestry Development
    Fishery Development
    Environmental Statistics
    Environmental Planning
    Environmental Management
    Environmental Education
    Environmental Capacity
    Pollution Control
    Nature Protection
    Environmental Conservation
    Climatic change
    Climatic influence
    Climatology
    Investment bank
    Investment policy
    Air quality indexes
    Ecological risk assessment
    Environmental impact evaluation
    Analysis of environmental impact
    Environmental toxicology
    Health risk assessment
    Rain and rainfall
    Acid precipitation
    Ozone-depleting substance mitigation
    Greenhouse gas mitigation
    Prevention of pollution
    Air quality
    Air quality management
    Pollution
    City planning
    Urban climatology
    Bank investment
    Capital investment
    Investment banking
    Venture capital
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    Citable URI
    http://hdl.handle.net/11540/9005
    Metadata
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    emissions-trading-schemes.pdf (2.206Mb)
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    Author
    Asian Development Bank
    Theme
    Environment
    Climate
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise