Asia Pacific > Asia > ASEAN can unlock $3 trillion revenue from carbon markets, analysis finds

ASEAN can unlock $3 trillion revenue from carbon markets, analysis finds

Published 02:00 on December 5, 2024 / Last updated at 15:48 on December 4, 2024 / / Asia Pacific (Asia, Compliance Markets & Taxes), CO2 Management (Engineered Removals), Nature-based Carbon (Forestry), Voluntary (VCM Governance)

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The Association of Southeast Asian Nations (ASEAN) has the potential to unlock up to $3 trillion in revenue through the reduction or removal of 1.1 billion tonnes of CO2e per year by 2050 if member states develop regulations to support domestic carbon markets, a report released Thursday has found.
The Association of Southeast Asian Nations (ASEAN) has the potential to unlock up to $3 trillion in revenue through the reduction or removal of 1.1 billion tonnes of CO2e per year by 2050 if member states develop regulations to support domestic carbon markets, a report released Thursday has found.


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