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  • Writer's pictureSylvain Richer de Forges

Comparative analysis of carbon markets in south east asia

Exploring Carbon Markets Across Southeast Asia 

As global climate concerns grow, Southeast Asian countries are stepping up their efforts in carbon market initiatives. Let's take a closer look at their progress:


 Known for its vast forests, Indonesia has implemented a REDD+ program (Reducing Emissions from Deforestation and Forest Degradation) to reduce carbon emissions from deforestation, with an estimated 55-60% of its emissions coming from land-use change. (Source: World Bank)


 The country has committed to reducing greenhouse gas emissions by 8% by 2030, and up to 25% with international support. Vietnam's Emissions Trading System (ETS) pilot phase started in 2021, covering six high-emitting sectors. (Source: Ministry of Natural Resources and Environment, Vietnam)


Introducing its voluntary carbon market, Thailand aims to achieve a 20-25% reduction in greenhouse gas emissions by 2030. The market focuses on renewable energy and energy efficiency projects. (Source: Thailand Greenhouse Gas Management Organization)


With its National Carbon Policy, Malaysia aims to reduce its emissions intensity by 45% by 2030 compared to 2005 levels. The country also initiated the Green Technology Financing Scheme to support green projects. (Source: Ministry of Environment and Water, Malaysia)


Launching the Singapore Green Plan 2030, the nation aims to achieve net-zero emissions as soon as viable. It's focusing on carbon pricing measures through the Carbon Pricing Act, encouraging companies to reduce emissions. (Source: Singapore Ministry of Sustainability and the Environment)

These efforts underscore the region's commitment to combatting climate change through innovative market mechanisms. Join the conversation and support these initiatives for a greener future!

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