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Southeast Asia unlocks its carbon trading potential
Governments working at pace to create compliance and voluntary markets and carbon tax regimes, with Indonesia, Malaysia, Singapore among the frontrunners
Indonesia strengthens CCS ties with South Korea
State energy company Pertamina collaborates with Korea National Oil Corporation and ExxonMobil on CCS value chain
Indonesia’s carbon market off to sluggish start
Incoming government faces decarbonisation challenges as lack of robust standards constrain industry uptake of new voluntary carbon market
Indonesia eyes carbon imports from Singapore
Countries work together on cross-border projects as Indonesia positions itself as Asian storage hub
Mubadala Energy steps up CCUS push with Pertamina tie-up
Abu Dhabi-based company drives forward gas decarbonisation strategy with deal to explore CCUS applications in Indonesia
Petronas and Vopak cooperate on CCS
Malaysian oil and gas company and Dutch storage firm to focus on potential projects in Singapore
Indonesia to develop 1bn t Sumatra CCS facility
Conversion of depleted Arun gas field could be first commercial CCS project in Asia to offer open-access storage
Asian governments urged to back CCS
European policies can be template for region as it looks to kickstart CCS development, speakers tell Asian Development Bank event
Red tape slows Southeast Asia’s renewables growth
Pace of deployment to leave Indonesia and the Philippines heavily reliant on coal through end of decade, analysts say
Indonesia is the ninth-largest emitter
Indonesia
Marat Aslan
8 March 2024
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Indonesia’s carbon market off to sluggish start

Incoming government faces decarbonisation challenges as lack of robust standards constrain industry uptake of new voluntary carbon market

Governments across Southeast Asia are finally starting to wake up to the potential of carbon markets to help meet net-zero targets and reverse rampant deforestation. The region is home to almost 15% of the world’s tropical forests and boasts some of the most globally important biodiversity hotspots on the planet. The archipelago nation of Indonesia is among the most densely forested countries in Southeast Asia, notwithstanding the alarming rate of clear-cutting and logging posted in recent decades, and the latest to launch an official carbon market. In September, the government announced its first carbon trading programme as part of its strategy to achieve net-zero emissions by 2060. Indones

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