On the Record: Toward a Northeast Asia Carbon Market

Through its initiative Toward a Northeast Asia Carbon Market, the Asia Society Policy Institute (ASPI) aims to create a roadmap for creating linkages between the nascent carbon markets in China, Japan, and South Korea. Linking markets requires technical expertise, strategic vision, diplomatic energy, and a series of preliminary steps and pilot initiatives to be successful. ASPI is building a stakeholder coalition to pursue these steps and create a Roadmap for Action through 2017. In the op-eds and media coverage below, ASPI President Kevin Rudd and its Director of Asian Sustainability Jackson Ewing discuss the benefits of and obstacles to creating linkages between carbon markets in the region and how such cooperation can help tackle climate change and improve relations between the three countries. 

Op-Eds & Interviews

"Singapore's Groundbreaking Carbon Pricing Scheme," Asia Society, March 8, 2017. 

On Asia Blog, Jackson Ewing, discusses Singapore’s recent development in carbon pricing. 

“Pricing Carbon at Marrakech: Moving from Principle to Practice”, The Huffington Post, November 17, 2016.

The Huffington Post published an op-ed by ASPI President Kevin Rudd on how carbon markets are a concrete way to fight climate change.

"Beating Climate Change Through Innovative Carbon Markets in Northeast Asia," Brink Asia, October 17, 2016.

Brink Asia published a piece by Jackson Ewing on how China, Korea, and Japan can fight climate change by linking their carbon markets.

"Why a Northeast Asian Carbon Market Is Needed Today," Asia Society, September 29, 2016.

In an interview with Asia Blog, Jackson Ewing makes the case for why carbon market cooperation is critical in Northeast Asia.  

"Time to Link Northeast Asia's Carbon Markets," The Diplomat, June 23, 2016.

In this op-ed, Jackson Ewing argues that "The time is now for China, Japan, and South Korea to further develop robust dialogue on their respective market developments, pilot market linkages in select sectors and among cities, provinces, and prefectures, and establish a roadmap to future market connections at the national level.” 

Media Coverage

“China, Japan, Korea Carbon Market Links Resurface as Talks Set for Next Week”, Carbon Pulse, December 15, 2017

The core argument and recommendations of the new ASPI report, “Northeast Asia and the Next Generation of Carbon Market Cooperation” by Jackson Ewing and Minyoung Shin were referenced by Carbon Pulse in this article about the upcoming government-backed trilateral Northeast Asia carbon market meeting.

"China and Asia-Pacific Carbon Markets," The Diplomat, June 2, 2017.

This article discusses the prospects for carbon market cooperation between China and the Asia-Pacific and references the ASPI initiative. 

"A common carbon market in Northeast Asia?" World Bank Carbon Pricing Leadership Coalition, April 10, 2017.

This blog by the World Bank reports on the discussions on carbon market cooperation in Northeast Asia during the ASPI policy dialogue in Hong Kong on May 23-24.

"CPLC Nurtures Leadership on Carbon Pricing," World Bank, May 4, 2017.

Kevin Rudd discusses ASPI’s Northeast Asia carbon market cooperation initiative during the 2nd High-Level Assembly of the Carbon Pricing Leadership Coalition.

"Regional Cooperative Approaches on Carbon Markets in Asia," LinkedIn, October 5, 2016. 

This article discusses recent attempts at cooperation on carbon markets in Asia. 

"Exploring East Asian Cooperation on Carbon Markets," The World Bank, June 16, 2016.

"Given the sheer density of carbon emissions coming from those three economies—China principally, but also Japan and Korea—it’s important to move ahead on a practical, policy and technical level to facilitate what would be for the world an important regional carbon market,” said Kevin Rudd.

"Paris Paves Way for Global Carbon Price, Ex-Australia PM Says," Bloomberg, December 14, 2015. 

In discussion with Bloomberg, Kevin Rudd, outlines how the Paris Climate Agreement will catalyze new carbon markets across Asia, North America and Europe.

"Former Australian PM Rudd Makes Push for Common East Asian Carbon Market," Pulse, December 4, 2015.

Kevin Rudd speaks to Carbon Pulse at the Paris Climate Summit on the push for a linked carbon market across North East Asia’s largest economies.