Carbon Pricing in ASEAN and East Asia

Han Phoumin is a Senior Energy Economist at the Economic Research Institute for ASEAN and East Asia, Indonesia. He holds a PhD in Economic Development and Policy from Kobe University, Japan.Farhad Taghizadeh-Hesary is Professor at Tokai University, Japan; Vice President and Co-founder of the International Society for Energy Transition Studies; and Chief Economist of Climate Finance Asia in Tokyo, Japan. He holds a PhD in Economics from Keio University, Japan.Youngho Chang is an Associate Professor and Head of the Minor in Applied Economics at Singapore University of Social Sciences, Singapore. He holds a PhD in Economics (Environmental and Resource Economics) from the University of Hawaii at Manoa, USA.Phouphet Kyophilavong is a Professor at the National University of Laos, Lao PDR. He holds a Ph.D. in Economics from Kobe University, Japan.

• IntroductionHan Phoumin, Farhad Taghizadeh-Hesary, Youngho Chang, and Phouphet KyophilavongSection 1: National Approaches to Carbon Pricing and Market Development1. Exploring the Viability and Policy Implications of Introducing Carbon Markets in VietnamThai-Ha Le2. Carbon Taxation in Singapore: Implementation, Impacts, and ImplicationsYoungho Chang3. Carbon Pricing and Market Readiness in Thailand: A Policy Review of Taxation, Emissions Trading, and Voluntary MarketsNophea Sasaki and Han Phoumin4. Carbon Pricing in Indonesia: A Suboptimal Adoption ApproachAlin Halimatussadiah, Dandy Rizky Wibowo, Akhmad Rizal Shidiq5. The Carbon Market in Laos: The Opportunities and ChallengesPhouphet Kyophilavong, Inpaeng Sayvaya, Thongsa Tounmanysone, Phongsili Soukchalern6. Public Acceptance and Willingness to Pay for Carbon Pricing in MalaysiaFathin Faizah SaidSection 2: Comparative Experiences and Analytical Frameworks7. Evolution of Carbon Markets in Australia – Policy Lessons for the ASEAN Based on a Review of Design Features and PerformanceRabindra Nepal, Muhammad Tayyab Ayaz, Ashish Agalgaonkar, and Han Phoumin8. Effective Carbon Pricing and Emissions Reduction in Japan: Lessons for East Asian Regional IntegrationSatoshi Honma9. CGE Analysis of the Joint Carbon Market in ASEAN and East Asia: Considering Policy Challenges in Market DevelopmentShinya Kato, Yanmin He, Wendan Zhang, Soocheol Lee, Toru Morotomi, Tsutomu Yoshioka and Xu Han10. Emission Trading System and International Capital Flows in ASEAN and East Asia: Evidence from Selected CountriesSolomon Nborkan Nakouwo, Yajie Chen, Dayong ZhangSection 3: Regional Integration and Market Linkages11. How to Connect ASEAN Carbon Markets – Learnings from the European Union and ChinaLutz Philip Hecker, Yanfei Li, Xueyan Yang, and Yuxuan Yu12. Linking Carbon Markets in the ASEAN Countries: Potential Impacts, Challenges, and Opportunities for Regional CooperationFalendra Kumar13. Malaysia’s Carbon Market and ASEAN: Opportunities and ChallengesNora Yusma Mohamed Yusoff, Ahmad Khusyairi Che Rusli, Asiyyah Sakinah Dzulkifli, and Basil SharpIndex