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Asia, where most of the countries do not currently have emission reduction obligations, is an important region to address climate change issues because of its large GHG emissions. The total emissions of eight key Asian countries (Japan, Korea, China, Taiwan, Vietnam, Indonesia, Thailand, and India) represent 44% of the world emissions. Thus, regimes in these countries addressing climate change, if successful, would make significant progress towards climate mitigation.
Recently, economic instruments, particularly carbon tax and emissions trading scheme (ETS), have attracted the most attention to combat climate change because of their cost efficiency to reduce emissions.
This book presents the recent development of economic instruments in eight representative Asian countries. Each chapter shows the legal design of each economic instrument. Furthermore, the effect of the instruments, and the challenges to and improvement of the instruments are also described.
The preliminary finding of this book shows:
2015 is an influential moment/time for the important COP in Paris. The past lessons and experience of Asian countries of tax, ETS, and CDM could affect the fate of the talks and negotiations. This book wishes to provide the updated information on the situation of the economic instruments. Hopefully, the informative nature of this book could play some role in contributing to the background knowledge, and facilitate Euro-Asia talks on climate change issues.