UNDP Carbon Pricing Consultant

Carbon taxes and emissions trading systems (ETS) are less familiar to many developing countries than carbon credits and voluntary markets. Nevertheless, many are interested in implementing these compliance carbon pricing instruments and participating in the international market mechanisms that are emerging under Article 6 of the Paris Agreement. The interactions between carbon pricing and other instruments in a policy portfolio can be complementary, overlapping or countervailing. It is therefore important to consider the synergies and trade-offs when developing countries engage with carbon pricing.

As part of this project, adelphi provided UNDP with an overview of the potential role of carbon pricing within a developing country's broader policy portfolio. This included an explanation of the interaction between carbon pricing, carbon credits, and voluntary carbon markets. The study provides an overview of the international environment for carbon pricing in Asia and examines the global drivers for carbon pricing adoption, key international initiatives in support of carbon pricing, and recent developments in carbon pricing in two key countries in the region: Indonesia and Vietnam.

To conclude the project, adelphi conducted a virtual workshop with representatives from UNDP country offices in the region. This session included a scene-setting presentation that laid out the key findings of the study and highlighted relevant cases studies. The workshop also provided a platform for a discussion, where adelphi moderated and addressed country-specific questions from the participants, ensuring that the unique contexts and challenges faced by different nations were considered and discussed.