IEEFA – Carbon Pricing in Asia: Examining Emissions Trading Systems and Carbon Taxes

The main theme of the report is the analysis of emissions trading systems and carbon taxes in Asia.

Key findings include various types of carbon pricing, such as carbon tax and emissions trading systems (ETS). The report provides an overview of existing ETS systems in China, South Korea, Kazakhstan, and Indonesia, as well as carbon taxes in Japan and Singapore. It discusses carbon pricing systems under development in Thailand, Malaysia, Taiwan, and Vietnam. The report points out that current carbon prices remain too low to support decarbonization and highlights barriers to effective carbon pricing, such as allocation methods, limited and uneven sector coverage, insufficient targets, and fossil fuel subsidies.