GREEN TRANSITION INTHE CAREC REGION: Prepared By Amjad Masood ENABLING ENVIRONMENTALSTANDARDS COMPLIANCE www.carecinstitute.org Green Transition intheCAREC Region: Enabling Environmental StandardsCompliance Amjad Masood Chief of Research,Pakistan Institute of Development Economics Disclaimer The views expressed in this publication are the views of the authors and do not necessarilyreflect the views or policies of the CAREC Institute, its funding entities, or its GoverningCouncil. The CAREC Institute does not guaranteetheaccuracy of the data included in thispublication and accepts no responsibility for any consequences of its use. The terminology usedmay not necessarily be consistent with the CAREC Institute’s official terms. The CARECInstitute accepts no liability or responsibility for any party’s use of this publication or for theconsequences of any party’s reliance on the information or data provided herein. By making any designation of or reference to a particular territory or geographical area, or byusing country names in the publication, the authors did not intend to make any judgment as to thelegal or other status of any territory or area. Boundaries, colors, denominations, or any otherinformation shown on maps do not imply any judgment on the legal status of any territory, or anyendorsement or acceptance of such boundaries, colors, denominations, or information. This publication is available under the Creative Commons Attribution 3.0 IGO license (CC BY3.0 IGO) https://creativecommons.org/licenses/by/3.0/igo/. By using the content of thispublication, you agree to be bound by the terms of this license. This CC license does not apply toother copyright materials in this publication. If the material is attributed to another source, pleasecontact the copyright owner or publisher of that source for permission to reproduce it. TheCAREC Institute cannot be held liablefor any claims that arise as a result of your use of thematerial. The research was funded by the CAREC Institute under its CAREC Think Tank NetworkResearch Grant Program. Central Asia Regional Economic Cooperation (CAREC) Institute20th-21st Floors, Commercial Building Block 8, Vanke Metropolitan,No. 66 Longteng Road, Shuimogou District, Urumqi, Xinjiang, the PRC, 830028f: +86-991-8891151LinkedIn:carec-instituteEmail:km@carecinstitute.orgWebsite:http://www.carecinstitute.org Contents List of Figures.................................................................................................................................4List of Tables...................................................................................................................................4List of Abbreviations.......................................................................................................................5Abstract...........................................................................................................................................61.Introduction.............................................................................................................................72.CO2 Emissions and their Mitigation.......................................................................................92.1.CO2 Emissions in CAREC Region................................................................................92.2.Policy Instruments for Decarbonization.......................................................................143.Methodology.........................................................................................................................163.1.Estimation Approach.....................................................................................................163.2.Data Sources.................................................................................................................194.Results and Discussion.........................................................................................................204.1.Baseline Effects of Energy Management Certification on Carbon Emissions.............204.2.Sectoral Analysis...........................................................................................................234.3.Robustness Checks........................................................................................................275.Conclusion and Policy Recommendations............................................................................33Appendices....................................................................................................................................35Appendix 1: Variables and Sample...........................................................................................35Appendix 2: List of Countries...................................................................................................37References.................................................................................................................................