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Asian Economic Integration Report 2024 : Decarbonizing Global Value Chains - Asian Development Bank

Asian Economic Integration Report 2024

Decarbonizing Global Value Chains

By: Asian Development Bank

eBook | 8 April 2024

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This report explores how economic forces are affecting cross-border flows of goods and services and the movement of people in Asia and the Pacific. It looks at the extent to which various challenges are prompting deeper economic links. This year's theme chapter focuses on decarbonizing global value chains, exploring how policymakers can minimize emissions while maximizing the economic advantages of global production networks. It evaluates the impact of initiatives like the European Union's Carbon Border Adjustment Mechanism for Asian subregions, suggesting the use of carbon pricing, accounting mechanisms for embedded emissions, increased trade cooperation, upgraded technology, and international cooperation for technology transfer to reduce CO2 emissions.

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