Southeast Asia is a particularly vulnerable region to climate threats. Digital solutions may be key to helping the region shore up resilience against economic losses and increasing climate-induced extreme weather events.
Regulation is a crucial factor that investors consider before funding carbon projects, experts said at a recent event in Malaysia. Developers argue that the system does not need to be perfect to kickstart projects.
A regional standard is needed to ensure the credibility of carbon credits, Malaysia's natural resources minister said at the Unlocking capital for sustainability event in Kuala Lumpur.