ASEAN Carbon Associations Unite for Regional Climate Action

Five major carbon market associations from Thailand, Malaysia, Indonesia, Singapore, and ASEAN signed a Memorandum of Collaboration (MoC) at the 29th Conference of the Parties (COP29) in Baku, Azerbaijan. This collaboration supports the development of the ASEAN Common Carbon Framework (AACF), which aims to establish standards and guidelines for carbon credit trading in the region, ensuring transparency and efficiency in fostering a low-carbon society.