Market-Based Mechanisms to Reduce GHG Emissions in Asia
Market-based mechanisms (MBMs) are increasingly common policy tools that create incentives for managing greenhouse gases (GHGs) cost-effectively and can be used to satisfy broader economic and environmental objectives. Countries in Asia are steadily addressing the need to reduce emissions through the deployment of MBMs such as carbon taxes, cap and trade programs, baseline and credit programs, and the development of renewable electricity and energy efficiency standards. This paper conducted by the RALI project provides a comprehensive overview of market based policies through lessons learned from MBMs in Asia.
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