Road to net zero: State of the voluntary carbon market in Asia

THE carbon market has become an important tool for addressing the biggest challenge of all – climate change. And much of the attention of late has focused on Asia as it is currently the world’s largest producer of carbon credits, and hosts a number of players on both the demand and supply sides.

South-east Asia has one of the most valuable investable carbon stocks in the world, driven by increasing financing opportunities for nature-based transactions in the Asean region that are committed to reducing deforestation.

According to Southeast Asia’s Green Economy 2023 Report: Cracking the Code, the region has US$5.2 billion of green investments, with four out of 10 South-east Asian countries improving their Nationally Determined Contribution commitments from 2021 to 2022.