The International Energy Agency (IEA), in collaboration with the International Carbon Action Partnership (ICAP) and the Konrad-Adenauer-Stiftung’s Regional Programme Energy Security and Climate Change (KAS-RECAP), convened the Carbon Pricing Dialogue Workshop: Leveraging carbon pricing to accelerate power sector decarbonization in Asia. The invite-only event addressed the technical aspects of designing and implementing carbon pricing in the power sector, drawing on experiences from China, Korea, and Thailand.

Carbon pricing is an effective tool to incentivise abatement in the power sector alongside energy policy instruments. The success of carbon pricing policies hinges on market forces delivering price signals that are reflected in day-to-day business operations. In regulated electricity sectors common to East Asian jurisdictions, modifications to classical carbon pricing approaches may be required to ensure the intended incentives are delivered.

Mr. Beni Suryadi, ACCEPT Project Manager, was invited to participate and moderate the discussion with experts from China and Thailand in Session II: Aligning carbon market and electricity sector regulations: Experiences from Thailand and China.

In 2017, the People’s Republic of China announced the decision to implement a national emission trading scheme (ETS), to be effective in 2020. The first phase of China’s ETS will cover the power sector and is set to expand to seven other sectors, covering one-seventh of global CO2 emissions from fossil fuel combustion. Thailand is also considering implementing a national ETS and is now testing voluntary pilots and working on various readiness programs. In this session, experts from China and Thailand analysed and discussed the technical challenges and opportunities of implementing an ETS and the interactions between the ETS and the power sector. This workshop is a follow up from the previous one, “Carbon Pricing in Southeast and East Asia and COVID-19 response: Issues and opportunities for ensuring a sustainable and low-carbon energy development”, on 15-16 July 2020, where Mr. Beni Suryadi was also invited to participate and moderate the discussion.

Topic on carbon pricing is also one of the focus studies under ACCEPT. Previously, ACCEPT organised a Focus Group Discussion on Carbon Pricing as An Energy-Climate Nexus Approach in Meeting the Paris Climate Goals, held on 13 October 2020.

To help in understanding about Carbon Pricing, ACCEPT also produced Briefing Note on Carbon Pricing, Energy and Climate Change produced that can be downloaded from this link.