Contributors Acknowledgements Laia Barbarà Head, Climate Strategy, Industry Agenda, Net Zero Emissions and Waste, World Economic Forum Andrea Bonzanni International Policy Officer, International Emissions Trading Association (IETA) Chen Boyu Consultant, Bain Fergie Chen Manager, Knowledge Management, Bain Climeworks Contemporary Amperex Technology Cui Ying Deputy Director General, International Institute of Green Finance, Central University of Finance and Economics Dang Yanbao Chairman of the Board, Ningxia Baofeng Group Ding Jing Vice President, Longyuan Power Group Duan Maosheng Director, China Carbon Market Research Center, Tsinghua University Yvonne Feng Associate, Knowledge Management, BainGuo Su Council Member, Beijing Baofeng Carbon Neutrality Research Institute Dale Hardcastle Partner, Bain Toru Hikima Chief Sustainability Officer, Mitsui O.S.K. Lines Antoine Hirschy Global Head, Strategic Growth and Partnerships, ClimatePartner Naoko Ishii Director, Center for Global Commons, University of Tokyo William Jernigan Lead, Climate Strategy China, Industry Agenda, Net Zero Emissions and Waste, World Economic Forum Hu Ke Business manager, CSG Carbon Asset Management Chris Leeds Head, Carbon Markets Development, Standard Chartered Bank Daniel Li General Manager, Intelligent Blockchain and Data Network Division, Ant Digital Technologies Li Fei China Market Director, CDP World Economic Forum Pedro Gomez Head, Industry Agenda, Net Zero Emissions and Waste Wee Kean Fong Head of Nature and Climate, Greater China Sha Song Specialist, Climate Finance and China PartnershipsBain & Company Yang Liu Partner Helen Liu Partner Sheila Gao Manager The World Economic Forum would like to extend its gratitude to the following individuals and organizations for their valuable contributions to this report. The paper does not necessarily reflect the views of these individuals and/or their organizations. Expert advice is purely consultative in nature and does not imply any association with the takeaways or conclusions presented within this paper. Asia’s Carbon Markets: Strategic Imperatives for Corporations 49

Asia's Carbon Markets Strategic Imperatives for Corporations 2025