Carbon markets are expected to continue to play a key role in the mitigation effort under the Paris Climate Agreement. Cooperation in carbon market clubs can help reduce competitiveness and carbon leakage concerns, which has the potential to incentivise the uptake of more and increasingly ambitious carbon markets. This policy brief assesses the potential for carbon market clubs in light of the Paris Agreement and recently launched carbon market initiatives from a climate and trade policy perspective. It shows that additional efforts will be needed within and outside the UNFCCC for carbon market clubs to emerge and explores the challenges and opportunities the trade system may pose in this regard.
Water is at the centre of economic and social development: it is vital to maintain health, generate energy and create jobs while sustaining the natural environment. A wide variety of economic, social and environmental services are derived from water resources, ranging from water supply and hydropower generation to navigation and recreation. Water resources are also an integral part of the natural environment, supporting biodiversity as well as underpinning the agriculture which provides the world’s food. This paper identifies some of the key intersections between trade policy and water management, in areas such as agriculture, hydropower generation, water services and wastewater management. While the local nature of water systems and the diversity of water management objectives is not conducive to the application of trade instruments to enforce a prescriptive, one-size-fits-all, approach to water management, the paper identifies a range of areas in which trade policy could support the sustainable management of water.
China’s introduction of a national ETS, scheduled for 2017, is an important development in the expanding carbon market landscape. As countries move towards implementation of the recently-adopted Paris Agreement, this sends a powerful signal about China’s mitigation commitment and support for carbon markets. As the largest emitter of greenhouse gases and a key player in world trade, China’s move to a nation-wide ETS can have significant implications for the future of carbon markets around the world.
Myanmar’s natural assets – including its forests, soils and coastal waters and the biodiversity they embody – makes up its natural capital, providing critical benefits to the Myanmar people.
Benefits are helping to protect them against natural hazards and ensuring reliable sources of clean water for drinking and irrigation as well as opportunities for ecotourism. The assessment presented in this report shows where and how Myanmar’s natural capital contributes to clean and reliable drinking water sources, reduced risks from floods inland and storms along the coasts, and to maintaining the functioning of reservoirs and dams by preventing erosion. The results highlight areas that provide high levels of ecosystem services, where natural capital provides the greatest benefits to people and infrastructure. The natural capital assessment provided here can support development and management decisions that launch Myanmar on a more sustainable and inclusive path toward economic development.