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  • Writer's pictureSylvain Richer de Forges

Comparative analysis of carbon trading landscape in south east asia

Excited to share insights on the evolving carbon trading landscape in Southeast Asia. Exploring the region's commitment to sustainability, here's a breakdown of carbon trading strategies among key countries:





Singapore:


Leading with the Carbon Pricing Act, setting a carbon tax of SGD 5 per tonne of greenhouse gas emissions.Emission Reduction: 20% by 2030.Source: Singapore Government



Malaysia:


Focused on the Green Technology Master Plan, emphasizing carbon reduction initiatives.Emission Reduction: Targeting 45% reduction by 2030.Source: Malaysian Green Technology Corporation



Thailand:


Implemented a cap-and-trade system, with the Energy Ministry actively promoting emission reduction.Emission Reduction: Aiming for 20-25% reduction by 2030.Source: Thailand Greenhouse Gas Management Organization



Indonesia:


Launched the Indonesia Climate Change Trust Fund, encouraging emissions reduction projects.Emission Reduction: Commitment to 29% reduction by 2030.Source: Ministry of Environment and Forestry Indonesia



Vietnam:


Pioneering the market-based approach, integrating carbon pricing into national policies.Emission Reduction: Targeting 8% reduction by 2030.Source: Vietnam Ministry of Natural Resources and Environment



Let's continue the dialogue on sustainable practices, fostering collaboration for a greener Southeast Asia. 



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