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The report analyzes two pathways for China's coal transition: a PEAK-2030 scenario aligned with its INDC and a more ambitious PEAK-2025 scenario. It argues that an early peak is possible through stringent policies in the power, industry, and building sectors, while emphasizing the need to manage socio-economic risks such as stranded assets in the electricity sector and job losses in coal-producing regions. The analysis highlights significant co-benefits for air quality and public health, as well as the potential for reducing methane emissions from coal mining.

The research paper examines the marginal role of Least Developed Countries (LDCs) in the Clean Development Mechanism (CDM) and evaluates whether preferential access to the EU ETS can increase their participation. It finds that such access is insufficient unless underlying barriers—including limited institutional capacity, lack of financing, and high transaction costs—are addressed. The authors use supply-demand scenarios for 2013-2020 and a comparison with the Lomé Conventions in agricultural trade to argue that financial incentives for high-value projects and reduced access costs are more critical than market access alone.