Asia is on the rise – both in economic terms and in terms of greenhouse gas (GHG) emissions: According to the Financial Times, Asian economies will be larger than the rest of the world combined in 2020. However, this has also been accompanied by the world’s most rapid GHG emissions growth. Against this background, Innovate4Climate, the world's largest global event on climate finance, climate investment and climate markets, is taking place in Singapore this year.
Carbon Mechanisms Review, published by the Wuppertal Institute, dedicates this special issue "Accelerating Action" to the event. The focus is on how carbon markets can best interact with other arenas in order to foster climate friendly development.
The first contribution looks at the Asia-Pacific region and analyses how market-based interventions under Article 6 of the Paris Agreement can enhance international cooperation in terms of reducing emissions and deepening climate ambition in the region.
This is complemented by an introduction of the UNFCCC's Collaborative Instruments for Ambitious Climate Action (CI-ACA), which assists countries in the development of domestic climate policies instruments such as carbon markets, carbon taxes, and other emission reduction instruments.
The special edition also present two articles on upscaling, the first on lessons learnt from the programmatic approaches of CDM and JI for future market-based activities and the second on a regional carbon finance instrument to promote the uptake of renewable energy in southern Africa.
The complete "Carbon Mechanisms Review" can be downloaded free of charge under the following link.