National Strategies for Carbon Markets under the Paris Agreement: Making Informed Policy Choices

This report analyzes why deepening carbon markets in Asia and the Pacific can help economies reach ambitious emission reduction goals and generate the financing needed to scale up climate action and build a resilient future.

Designed as a framework for policymakers, the report examines the current state of international and domestic carbon markets, delves into legal and policy issues, and explains how they can help countries hit their Paris Agreement targets. It assesses the opportunities and challenges with carbon markets, and shares insights on how high-integrity carbon markets can underpin the transition towards a low-carbon economy as countries transition towards net zero.