Business Sector Action to Drive Carbon Market Cooperation in Northeast Asia

The expansion of carbon markets in China, Japan, and the Republic of Korea have laid the foundation for discussions on potential carbon market cooperation within Northeast Asia, and the role of the private sector is vital for achieving success in this space, according to a new Asia Society Policy Institute and KPMG Samjong report. The authors present how carbon market linkage within China, Japan, and Korea could take place in unison with industry preferences. The report puts forward northeast Asian carbon market characteristics and discusses similarities and differences between systems, addresses the potential impacts of carbon market linkage on the private sector, and suggests roles for business leaders to achieve effective market cooperation and capture new business opportunities that can unlock the potential of private sector investment.