Asia contributes over 50% of global CO₂ emissions, according to the International Energy Agency's (IEA) CO₂ Emissions in 2023 report, with China responsible for around 28%, as reported by East Asia Forum (2025). According to the IEA report, Global CO₂ emissions in 2023 totaled approximately...
Between 2024 and 2025, carbon markets have been shaped as much by politics as by policy. Major global economies, namely the EU, UK, and US, have taken divergent paths in the governance, ambition, and international positioning of their climate mechanisms. The UK's post-Brexit isolationist approach...
One of the most concerning problems today is excessive greenhouse gas (GHG) emissions. To try to tackle this problem many governments use carbon pricing, a policy that assigns a cost to the release of GHG. This post will present an overview of the United Kingdom's...
Carbon pricing is a market-based instrument that aims to reduce greenhouse gas (GHG) emissions in an economy. Two widely used forms of carbon pricing are carbon tax and a cap-and-trade system. A carbon tax is a fee imposed on burning carbon-based fuels, such as coal, oil,...
The EU Parliament has declared a global “climate emergency” ahead of next week’s international COP25 climate summit and backed raising the EU’s emissions reduction targets from 40 to 55% by 2030. In a separate resolution, Parliament urges the EU to submit its strategy to reach climate neutrality...