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.
Regional Carbon Market
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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.
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