Asean needs to come together on efforts to develop carbon pricing systems, offset markets: report

Singapore

THE recently concluded global climate summit, COP26, has injected fresh impetus into countries' efforts to decarbonise, as new and renewed pledges were made and fresh accords reached, in an attempt to avert a looming climate crisis.

Crucial to Singapore and Asean's efforts to decarbonise, however, will be the establishment of regional carbon pricing systems and carbon offset markets, which Asean nations ought to work together to advance.