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Advancing Carbon Market Development in AZEC Partner Countries

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  • Economic Research Institute for ASEAN and East Asia (ERIA)
  • Economic Research Institute for ASEAN and East Asia (ERIA)

Abstract

The Asia Zero Emission Community International Conference to Develop Carbon Markets (AZEC-DCM) was established to deepen discussions on enhancing industrial competitiveness through the visualisation of GHG emissions throughout the supply chain and promoting high-integrity carbon markets, as outlined in the Action Plan for the Next Decade adopted at the Second AZEC Leaders Meeting in October 2024. Ten years after the adoption of the Paris Agreement, and with countries firmly in the implementation stage, AZEC partner countries are undertaking a range of carbon market-related initiatives, but these efforts remain fragmented. Against this backdrop, ERIA developed this regional stocktake report to provide an overview of carbon market development in the region, including by mapping existing initiatives, examining their implications for AZEC, and identifying key gaps. The report also highlights opportunities for regional co-operation to enhance interoperability under AZEC-DCM.

Suggested Citation

  • Economic Research Institute for ASEAN and East Asia (ERIA) & Economic Research Institute for ASEAN and East Asia (ERIA), . "Advancing Carbon Market Development in AZEC Partner Countries," Books, Economic Research Institute for ASEAN and East Asia (ERIA), number 2026-rpr-19, July.
    • Handle: RePEc:era:eriabk:2026-rpr-19
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