Tapping potential of South-east Asia's carbon market

South-east Asia's forests are huge carbon sinks as their trees remove carbon dioxide from the atmosphere. ST PHOTO: CHONG JUN LIANG
New: Gift this subscriber-only story to your friends and family

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.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Find out more about climate change and how it could affect you on the ST microsite here.