Global carbon markets are fast becoming one of the most effective instruments in the journey to net zero. Yet, many countries are reluctant to use this policy lever, as introducing or scaling up carbon pricing faces multiple decisions when selecting among, and within, policy tools.
Ehsan Khoman, Head of Commodities, ESG and Emerging Markets Research (EMEA), discusses the latest MUFG ESG report wherein he believes that whilst mass adoption for carbon markets is still a long way off, the fastest and most practical way to keep alive the goal of restricting global warming to below 2oC is scaling up global carbon markets (see here for the full report).
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