Carbon pricing

This policy brief examines the implications for ASEAN Member States (AMS) of the European Union’s Carbon Border Adjustment Mechanism (CBAM) and suggests an overall direction for responses. The EU’s CBAM aims to minimize carbon leakage and the loss of the EU’s trade competitiveness due to its more ambitious climate mitigation policies, particularly...

This presentation was given at the 11th congress of the Asian Association of Environmental and Resource Economics, which was held on August 19-20, 2022. In spite of a much wider scope of the submitted paper for this conference, the presentation solely focuses on the Chinese national emissions trading scheme (ETS) to avoid the overlap with the other...

Carbon pricing instruments (CPIs) are being developed at different rates and in different forms in ASEAN Member States. The CPI survey focused on six AMS—Indonesia, Malaysia, the Philippines, Singapore, Thailand and Viet Nam (hereafter referred as AMS-6). Taking into account the availability of facility-level MRV guidelines as well as the sectoral...

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. Overall, carbon pricing practices in Asia are still at an early...