Deep Dive Workshop

Catalyzing Investments through Carbon Markets

Organized by: Asian Development Bank (ADB)

There is growing momentum for using carbon markets as part of the broader climate policy architecture to (a) accomplish national targets as articulated under countries’ nationally determined contributions (NDCs); and also (b) contribute to raising the level of climate ambition over time. Carbon markets can mobilize the much-needed financial resources required to incentivize investments in low-carbon technologies and foster energy transition and decarbonization.

The Asia and Pacific Region has vast experience, expertise and expectations for mobilizing carbon finance to pursue a low carbon growth trajectory. The region has an opportunity to build on its wealth of experience and expertise in operationalizing international carbon markets under the Kyoto Protocol and the Joint Crediting Mechanism to catalyse clean energy transition through carbon markets under the Paris Agreement.
This calls for countries to develop holistic strategies aligned with their national circumstances and priorities on how carbon markets can contribute to the broader development agenda. This discussion of carbon markets at the national level needs to go hand in hand with broader discussions among both public and private sector stakeholders on how carbon finance can be catalysed as a source of finance to accelerate decarbonization efforts.