It was very interesting to attend this weekend the policy dialogue organized by ADB, AIIB and the University of Hong Kong revising China’s national ETS.Main takeaways for Latin America and the Caribbean: 1. Carbon markets are key for achieving low-carbon development and promoting green innovation. When effectively linked to natural markets they can support adaptation strategies and ecosystem services 2. Emission Trading Systems (ETS) must align with national conditions and avoid exacerbating regional inequalities within a country during rollout 3. ETS design matters and requires a coordinated policy mix, blending market mechanisms and governance measures for effective operation 4. Close coordination between ETS operations and stock exchanges can enhance the inclusion of additional carbon financial products 5. Implementing an ETS is a gradual process necessitating ongoing refinement; leveraging international experience can aid and inform these endeavors #carbonmarkets #climateaction #LAC #newcooperationopportunities
Gina Caballero’s Post
More Relevant Posts
-
What does recent agreement around #Article6 of the Paris Agreement mean for carbon markets and public policy around them moving forward? Pollination CEO Martijn Wilder AM and Executive Director Lauren Drake shared their expertise on this topic at an Asian Development Bank (ADB) workshop on policy architecture for high integrity carbon markets. This Singapore event explored how leaders can shape national strategies and policy, legal and regulatory frameworks under the agreement, as voluntary carbon schemes continue to develop and national level compliance schemes rapidly emerge. Across Asia, eight national carbon pricing initiatives have been implemented or are set to be. Japan and Singapore both employ carbon taxes, while Australia, the People’s Republic of China, Indonesia, Kazakhstan, the Republic of Korea, and New Zealand have all implemented national emissions trading systems. Read a recent ADB blog about carbon pricing trends across Asia at https://lnkd.in/g6Wh5Btk Christina U. Pak Daniele Quaggiotto Jackie B. Surtani Sonja Gibbs, CFA Magsad Huseynov Sonam Tashi Apisai Rinamalo Aziz Khamidov Kamia Handayani Ranjila Singh Fredrick Tamarua daovinh sou Belinda Ellington Ignacio Tirado
To view or add a comment, sign in
-
Hello LinkedIn community! The Global RCPI team is here with your weekly update on the latest movements in global carbon markets. 🌍Week ending October 14, 2024, global carbon markets experienced notable upward movements across key regions. China National ETS continued its strong rally, supported by the release of new regulatory insights, including allocation strategies and market expansion plans. Meanwhile, EU ETS saw a rebound after hitting six-month low, and the Korean carbon market also experienced a slight uptick. Stay tuned for more updates as we continue to monitor the trends! #Sustainability #CarbonMarkets #EU #China #GreenEconomy🌴🌳 C2Zero SparkChange Monash Centre for Financial Studies Roger Cohen Jan Ahrens Ummul Ruthbah Bei Cui, PhD Nga Pham, CFA. Aditya Shankar
To view or add a comment, sign in
-
It's not unusual for me to be asked to explain carbon markets to those outside the field when discussing my new role as Carbon Markets Lead at FSD Africa. The 'Carbon Markets 101' video series by Africa Carbon Markets Initiative (ACMI) simplifies what carbon markets are, their benefits for Africa, and how stakeholders can foster their development. Watch the video series here: https://lnkd.in/dtHAV3Ph #CarbonMarkets #Africa #ACMI #FSDAfrica #Sustainability #ClimateChange #EnvironmentalImpact #KnowledgeSharing
Carbon markets 101: introduction
https://www.youtube.com/
To view or add a comment, sign in
-
🍁 As we welcome the final month of #autumn, let’s look back on an eventful #October in green finance through our latest #Newsletter! In China, October saw groundbreaking initiatives: the People’s Bank of China launched the “Securities, Fund, and Insurance Company Swap Facility” to support capital markets. Key regulatory bodies issued a joint statement to accelerate green finance for a “Beautiful China,” and Qinghai introduced a Carbon-Electricity Account Management Standard to further low-carbon development in the region. Meanwhile, Hong Kong released its “Sustainable Finance Action Plan,” setting ambitious goals for net-zero emissions and inclusive finance. 💼 October’s events, including the Financial Street Forum, the International Forum on Green Finance and Low-Carbon Building, and the Tianjin Five Avenues Financial Forum, fostered valuable exchanges and showcased innovative paths forward. 🌎 On the global stage, new partnerships emerged: UNDP joined forces with Mizuho to promote sustainable finance across Asia, IFC partnered with Axis Bank to foster blue finance initiatives in India, and EBRD strengthened green financing opportunities in Turkey. As always, we’re pleased to share two insightful #articles: ✅ “The Development and Emission Reduction Path of Indonesia’s Nickel Industrial Parks” by Zhou Zhengyuan and Prof. Shen Wei. ✅ “Linchpin of Progress” by Prof. Wang Yao and Dr. Shi Lin, which explores how gender-responsive investments can empower African women, enhancing climate resilience and driving economic growth. 📩 For the full insights, check out our newsletter and subscribe for monthly updates: https://lnkd.in/g-m7A4c4 #GreenFinance #SustainableDevelopment #NetZero #ClimateAction #FinancialInnovation
To view or add a comment, sign in
-
Two years in carbon markets - what have we seen in the policy space? 📈 Carbon market policy and regulation have seen remarkable growth, marked by several key developments: 📌 There has been a proliferation of market-led schemes aiming to tackle supply and demand issues such as carbon credit ratings, the ICVCM’s and the VCMI. 📌 Regulatory developments including the implementation of specific carbon market legislation in countries such as Ghana and Zimbabwe, the inclusion of high quality international carbon credits in compliance mechanisms such as Singapore’s carbon tax and a proliferation of disclosures and claims regulation. 📌 Progress on Article 6, despite challenges faced at the last COP, with January 2024 witnessing the successful completion of the first ITMO transfer. Curious to know more? Explore our recent piece, 'Rating two years in Carbon Markets,' where we dissect trends in price, demand, quality, and policy developments over the past 24 months. Link in the comments. #CarbonMarkets #Article6 #VCM
To view or add a comment, sign in
-
Carbon Market & Carbon Credit Trading‧ Seminar on Capturing the Development Opportunities To help the local industry realizing the goals of #carbonneutrality and peak #carbongoals at an early stage ☘️ and raise their awareness of #carbonemissions💚 organized by the #HongKongCouncilforTestingandCertification (HKTIC) and implemented by HKPC - Hong Kong Productivity Council, “Seminar on Capturing the Development Opportunities of Carbon Market and Carbon Credit Trading” will be held on 9 December. The seminar covers a wide range of topics, including the latest development and requirements of #carbonmarket👉🏻 how the #carboncredits contributes to #carbonneutrality, and how to help enterprises realize their carbon reduction targets 💯. Register now to know more! https://hubs.li/Q02ZQGp50 #HKPC #HongKongProductivityCouncil #carbonmarket #carboncredits #industryinnovation #carboncredittrading #carbonneutral #carbonemissions #testing #certification
To view or add a comment, sign in
-
Delve into this Global Trade Review (GTR) article to gain valuable perspectives from Valerie Levkov and Jamie Fergusson, who share IFC - International Finance Corporation's solutions to mobilize private sector investments and accelerate the energy transition ➡https://lnkd.in/etXcVfb8
To view or add a comment, sign in
-
Regional carbon exchanges in China are diversifying their role by testing new sectors for the ETS, developing carbon finance products and facilitating cross-border trading. L’article Opportunities for international players in China’s carbon markets est apparu en premier sur energynews.
Opportunities for international players in China's carbon markets
https://energynews.pro/en/
To view or add a comment, sign in
-
Hello LinkedIn community! The Global RCPI team is excited to bring you this week’s insights into the carbon markets. Over the past week, global carbon prices experienced notable shifts across regions. Global carbon prices weakened as the EU ETS dropped 6.29% due to falling natural gas prices and bearish market pressure, while China's National ETS hit record highs driven by growing demand. Stay tuned for more updates as we continue to monitor the trends! #Sustainability #CarbonMarkets #EU #China #GreenEconomy🌴🌳 C2Zero SparkChange Monash Centre for Financial Studies Roger Cohen Jan Ahrens Ummul Ruthbah Bei Cui, PhD Nga Pham, CFA. Aditya Shankar
To view or add a comment, sign in
-
On 21 Nov 2024, the Ministry of Trade and Industry (Singapore) announced that Singapore had substantially concluded negotiations on the carbon credit cooperation with Peru. The next step entails formalising the agreement with a signing, known as the implementation agreement. Singapore is collaborating with more than 20 countries on carbon markets, but most of them are still at the initial memorandum of understanding (MOU) stage. #CarbonCredit #CarbonMarket
Singapore's central bank lays out next steps to help Asia leave coal behind
channelnewsasia.com
To view or add a comment, sign in