Research Handbook on Climate Change Mitigation Law
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Research Handbook on Climate Change Mitigation Law

  • Research Handbooks in Environmental Law series

Edited by Geert Van Calster, Wim Vandenberghe and Leonie Reins

Governments around the world have been trying to find ways to reduce greenhouse gas emissions for decades. This detailed Handbook considers the spectrum of legal and market-based instruments as well as strategies and policies adopted around the world and suggests more effective, comprehensive and responsive ways of managing climate change mitigation.
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Chapter 23: Market design and maturity in the Asia Pacific

Eric Knight

Extract

This section gives a point-in-time overview of market design principles and features framing carbon trading in the Asia Pacific region. In particular, specific analysis is provided of emerging designs in New Zealand, Japan, South Korea and Australia. The approaches vary considerably across jurisdiction given local economic and political factors. However, each country has ambitions to link their mechanisms into cross-jurisdictional architectures over time.

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