Through the signing of a Memorandum of Cooperation (MOC), the partners aim to develop the ASEAN Common Carbon Framework (ACCF), a unified carbon framework that aspires to unlock unique carbon project opportunities for the ASEAN region and create stronger demand signals through interoperable carbon markets.
Malaysia has signed a Memorandum of Cooperation (MOC) with nine ASEAN nations to develop the ASEAN Common Carbon Framework (ACCF), aiming to establish a unified and efficient carbon market across the region. This landmark agreement is set to enhance carbon trading, promote green finance transitions, and strengthen ASEAN’s global competitiveness.
Aligned with Malaysia’s 2030 carbon reduction targets and its upcoming ASEAN Chairmanship in 2025, the ACCF aspires to unlock regional carbon project opportunities while fostering an integrated and transparent carbon ecosystem. This initiative complements global carbon standards under Article 6.4 of the Paris Agreement.
Read more Business News
Malaysia and nine ASEAN nations signed an MOC to develop a unified carbon market framework, enhancing regional green finance, carbon trading, and climate action initiatives.
Read More News on Business News Malaysia
Read More News on Business News Malaysia
Historical analysis shows World Cup tournaments have limited influence on FBM KLCI performance, with macroeconomic…
The prolonged US-Iran conflict has turned into a drawn-out war of attrition, far exceeding the…
Malaysia’s palm oil inventories in May topped market expectation of 2.4m mt, as buyers switched…
Healthcare, energy, AI, and defense spending are approaching $25 trillion in 2026, creating a powerful…
Brrandom On its third anniversary, the AI-native marketing technology company launches six transformative AI practices,…
Forest City’s Special Financial Zone (SFZ) could exceed its RM2 billion investment target this year,…
This website uses cookies.