Home Institution
Claremont McKenna College
Publication Date
Fall 2023
Abstract
Carbon offsets have come under increasing scrutiny due to uncertainties in real carbon abatement, transparency, and fears that it will exacerbate global inequality by allowing the global North to ‘pay to pollute’ through ethically questionable projects in the South. Following Article 2.1.C of the Paris Agreement, this paper argues that the global green transition requires private capital to be fully mobilized through voluntary carbon markets (VCMs). Given that ASEAN states face some of the world’s greatest climate risks while being a fast-growing region, this case study answers the question: how can states play a more proactive role in regulating VCMs to accelerate sustainable development? This paper motivates the ASEAN region to adopt regional industrial policy to create comparative advantages in the voluntary carbon market, while serving as a blueprint for developing countries to catch-up through sustainable means.
Disciplines
Climate | Development Studies | Energy Policy | Infrastructure | International Business | International Economics | International Relations
Recommended Citation
Soh, Bryan Jed, "Carbon Credibility: Strategic Opportunities for ASEAN Regional Industrial Policy in Voluntary Carbon Markets" (2023). Independent Study Project (ISP) Collection. 3724.
https://digitalcollections.sit.edu/isp_collection/3724
Included in
Climate Commons, Development Studies Commons, Energy Policy Commons, Infrastructure Commons, International Business Commons, International Economics Commons, International Relations Commons
Program Name
Switzerland: International Studies and Multilateral Diplomacy