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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes