Emissions Trading Schemes and Their Linking: Challenges and Opportunities in Asia and the Pacific

Asia and the Pacific has achieved rapid economic expansion in 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. This publication highlights how robust policies on emissions trading systems 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. It also examines the possibilities for future linked carbon markets in the region.