Tapping potential of South-east Asia's carbon market

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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.

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A version of this article appeared in the print edition of The Straits Times on June 24, 2022, with the headline Tapping potential of South-east Asia's carbon market. Subscribe