Asia-Pacific Region

The Asia-Pacific region plays a central role in meeting the goals of the Paris Agreement and achieving net-zero greenhouse gas emissions by 2050. Home to some of the largest global carbon emitters and major emerging economies, the region is also one of the most vulnerable to the impacts of climate change. This is further complicated by the fact that over 60% of the world’s population reside in the region.

Carbon pricing is a flexible, cost-efficient tool that can sends a price signal to governments and private sector to transition away from high-carbon emitting activities. Since 2010, governments in Asia have been increasingly interested in carbon pricing with XX countries in the Asia Pacific region have already implemented a carbon price or intend to do so as per their NDC. Most recently, Singapore implemented their carbon tax in January 2019, and there are eight pilot ETSs in China’s provinces, two in the Japanese provinces of Tokyo and Saitama, and Korea has a national ETS. 

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