Advancing Carbon Market Development in AZEC Partner Countries

The Asia Zero Emission Community International Conference to Develop Carbon Markets (AZEC-DCM) was established to deepen discussions on enhancing the competitiveness of industries through the visualization of GHG emissions throughout the supply chain and the promotion of 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 firmly in the implementation stage, AZEC partner countries are undertaking a range of carbon market-related initiatives, but these efforts remain fragmented. In this context, ERIA developed a regional stocktake report that provides an overview of carbon market development in the region, including mapping existing initiatives, considering their implications for AZEC, and identifying key gaps. The report also highlights opportunities for regional co-operation to enhance interoperability under AZEC-DCM.
• Volume I: Key Findings and Regional Analysis
• Volume II: Country Profiles and Detailed Assessment (forthcoming)