GENEVA, 10 June – Carbon pricing is increasingly embedded in economies across Asia, as showcased in the second instalment of IETA’s Carbon Market Business Briefs.
Today’s publication of Asia and CORSIA briefs show that policymakers are committed to using market signals to drive emissions reductions, from reforms to the region’s first ETS, in New Zealand, through to the development of the world’s first carbon pricing sectoral initiative, CORSIA.
“We are pleased to see carbon pricing feature prominently in governments’ plans to cut emissions, adapted to suit local priorities and advance the goals of the Paris Agreement,” says Dirk Forrister, President and CEO of IETA. “These local variations are why IETA’s Carbon Market Business Briefs are an essential tool for business executives, because they provide a one-stop shop for the latest information, market insights and links to key resources.”
Other briefs released today include a look at reformed markets in South Korea and Kazakhstan, China’s eight pilot systems, the use of markets to cut emissions from buildings in Japan, Taiwan’s preparations for emissions trading, and Australia’s baseline-and-offset system.
The latest Carbon Market Business Briefs will be the subject of a webinar today at 4pm Sydney/2pm Singapore, as part of the IETA Carbon Market Liveseries, which is free of charge with advance registration. The third and final instalment, focusing on Latin America and South Africa, will feature in an event on 18 June.