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Tapping potential of South-east Asia's carbon market
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South-east Asia's forests are huge carbon sinks as their trees remove carbon dioxide from the atmosphere.
ST PHOTO: CHONG JUN LIANG
Simon Tay, Aaron Choo and Johan Chin
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Singapore and Indonesia signed a memorandum of understanding on cooperation on climate change and sustainability in March to strengthen collaboration in carbon markets, and financing for ecosystem conservation and restoration projects.
This tie-up could serve as the first of many, and a template for Asean and Asia to embark on the multilateral harmonisation of carbon market regulations.
