Voluntary Carbon Markets in ASEAN: Challenges and Opportunities for Scaling Up

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Voluntary Carbon Markets in ASEAN: Challenges and Opportunities for Scaling Up

RHT Green Director and Principal Consultant Philip Lim has contributed to an impact policy report on carbon finance that was written at the request of the British High Commission in Singapore in partnership with the UK COP26 Universities Network for the COP26 meeting in Glasgow. In the report, the rationale for carbon credits to be traded across ASEAN was examined and the role of institutional investors and regulators in developing a robust regional voluntary carbon market (VCM) was assessed.

Carbon markets allow companies to buy or sell greenhouse gas (GHG) emissions allowances or to offset their carbon footprint to meet voluntary emissions reduction targets. The further growth and development of VCMs is of particular interest to Singapore which is pursuing plans to become a major regional carbon services and trading hub.

To download the paper, click here.

In the next few weeks, we will be featuring experts’ comments on proceedings of COP26 deliberations on carbon markets (this is with reference to the implications on Article 6 of the Paris Agreement) in the RHT G.R.A.C.E. Institute (RGI) Forum on 26 November 2021. The Forum will feature a session on sustainability and tackle the impact policy report on carbon finance.

To register for the RGI Forum, click here.

RHT Green offers thought leadership and solutions to bring about sustainable transformations in the areas of corporate sustainability strategy, decarbonisation strategies, waste management, sustainable building, sustainable finance, renewable energy and training. With our team of dedicated sustainability consultants and vast capabilities of multi-disciplinary leaders in the ONE RHT network, we help our clients derive purposeful growth and business value from strategy through to execution.

RHT G.R.A.C.E. Institute is dedicated to championing the principles of Governance, Risk, AML, Compliance, and ESG, within an organisation’s business model and culture, as well as encouraging ethical leadership and growing a community of values-aligned mindfully ethical leaders, professionals and businesses standard for what is expected in decision making and behaviours.

Both RHT Green and RHT G.R.A.C.E. Institute are part of the RHT Group of Companies and ONE RHT network. ONE RHT is an ecosystem of multidisciplinary professional services, which seeks to be a beacon of growth for its clients, stakeholders and communities, empowering them to achieve purposeful growth in Asia. The ONE RHT brand consists of RHTLaw Asia LLP, in collaboration with the RHT Group of Companies.