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Vietnam's rules say that revenue from forest-based carbon credits will be prioritised for forest protection and development, as well as community livelihoods. Indonesia has introduced a nesting framework to avoid double counting.
New Singapore-based initiative aims to aggregate demand for high-integrity carbon credits and unlock financing for early-stage climate projects across Asia.
The Philippines signed its first legal framework for trading carbon credits. Experts caution that key rules for measuring and approving emission cuts are still missing.
Conditional approvals were granted to Verra’s revised methodologies for the connection of renewable energy to grids and abatement of methane from coal mines.
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