This book examines the national approaches of carbon markets in Asia and industry perspectives of carbon market developments in ASEAN. It draws policy insights into developing a carbon market regime for those countries across ASEAN and Asia that intend to introduce a carbon market and also discusses ways of linking a country carbon market to a regional and global market. Apart from carbon market developments at national level, it elicits perspectives on implementing a carbon market for industries such as the textile, aviation and renewable energy industry and discusses challenges and opportunities of implementing a regional carbon market. This book offers a critical and comprehensive analysis of carbon market developments at national level in Asia and specific perspectives about carbon trading at industry level in ASEAN. By providing empirical findings of carbon markets in operation and policy insights, this book presents practical directions towards the implementation of carbon markets across ASEAN and Asia.

Han Phoumin is a Senior Energy Economist at Economic Research Institute for ASEAN and East Asia (ERIA), where he leads analytical and policy work on energy security, regional energy cooperation, and sustainable energy transitions in ASEAN and East Asia. With over two decades of professional experience, his expertise spans electricity market integration, renewable energy policy, energy efficiency, and low-carbon technologies, including carbon markets and carbon capture and storage. He has led major regional initiatives, including the Energy Security White Paper supporting Lao PDR’s ASEAN Chairmanship in 2024, and is actively engaged in high-level policy dialogues such as the East Asia Energy Ministerial Meeting (EAS EMM) and the East Asia Energy Forum (EAEF). Currently, he leads key research and policy initiatives on critical minerals supply chains, semiconductor supply chains, carbon markets, oil and gas stockpiling strategies, and the development of low-carbon emission industries. He also contributes to advancing the energy-industry nexus in ASEAN and serves as editor and contributor to several international publications.

Youngho Chang is an Associate Professor and Head, Minor in Applied Economics at the School of Business, the Singapore University of Social Sciences, Singapore. He specializes in the economics of climate change, economic-energy-environmental modelling, energy and security, oil and macroeconomy, the economics of electricity market deregulation, education for sustainability, and green finance and sustainability. He has published more than 70 papers in internationally referred academic journals and 10 edited books. Apart from research publications, as a consultant, he has carried out a few cost-benefit analyses that examined the economics of carbon emissions reductions, market power in the deregulated electricity market, forecasting global demand for methanol, and the impact of carbon control on operations and supply chain. He has conducted training sessions on the deregulation of electricity market for a generation company. He has taught at the National University of Singapore and Nanyang Technological University, Singapore. He received his Ph.D. in Economics (Environmental and Resource Economics) from the University of Hawaii at Manoa, U.S.A.

Phouphet Kyophilavong is Professor of in the Faculty of Economics and Business Management, National University of Laos; Vice President of the National University of Laos; and serves as Editor-in-Chief of the Asian Journal of Development and Innovation Studies and the Lao Journal of Economics and Lao Journal of Economics and Business Management; and he has published extensively in academic journals. He received his PhD in economics from Kobe University in 2003 and has been carrying out research on several issues. He has directed numerous research projects and works closely with government agencies in Laos and international organizations. He has been a visiting scholar at several universities, including Kobe University, and a Fulbright U.S.-ASEAN Visiting Scholar at Harvard University.

Farhad Taghizadeh-Hesary is a Professor at Tokai University in Tokyo, Japan; Vice President and Co-founder of the International Society for Energy Transition Studies; and Chief Economist of Climate Finance Asia. In 2023, he received the Medal and Commendation for Science and Technology from Japan’s Minister of Education, Culture, Sports, Science, and Technology for his contributions to renewable energy finance research. He has also been recognized as a Highly Cited Researcher by Clarivate Analytics. He serves as Editor-in-Chief of the Journal of Environmental Assessment Policy and Management and has published extensively in academic journals and over 30 books majorly in energy economics, environment, and finance. He has led numerous research, consulting and capacity building projects for international organizations and governments mainly in Asia. He holds a Ph.D. in Economics from Keio University, Japan.