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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