Evolving Climate Strategies Among Asian Nations Under CDM & JI at Hydrocarbon E&P Industry—Alinging Carbon Abatement Costs in Asian Emissions’ Trading Scheme

Asian Emissions' Trading Scheme (AETS) for CO2 capturing is<br>one of the major components of Asian Climate Strategy for<br>achieving Asian Kyoto Targets under UNFCCC. Besides<br>trading emission allowances, linking between AETS and two<br>flexible project mechanisms: "Clean Development<br>Mechanism" (CDM) and "Joint Implementation" (JI) has<br>been established at Hydrocarbon E&P Business, that opens<br>scope for bridging emissions' trading alliances with Annex I<br>and non Annex I countries.