EuroCham Vietnam’s Post

In the journey towards a net zero future, healthy discussions about the potential of carbon markets are crucial. These conversations foster a deeper understanding of how carbon markets can be leveraged to reduce greenhouse gas emissions and incentivize low carbon practices. At the same time, it is also essential to critically assess the efficacy and challenges of the carbon markets. While carbon markets hold promise, they also face significant hurdles. What is the role of effective regulation and oversight to ensure transparency? How can we ensure that the impact of carbon offsets are measured accurately? What is required to address existing bottlenecks? There are a few upcoming events to delve deeper into these discussions which I’m excited to be part of, join us as we explore the potential of carbon markets, and address the challenges head-on. **Upcoming Events:** 1. Unlocking Capital for Sustainability Malaysia 2024 Eco-Business Date: 24 July 2024 Plenary debate: This house believes Malaysia’s carbon market should be guided by market forces instead of regulation Link: https://lnkd.in/g3GWjiZE 2. KWAP Malaysia Inspire 2024 Date: 6 August 2024 The Carbon Offset Controversy: Green Hero or Greenwashing? Link: https://lnkd.in/g6GNxaGd 3. Malaysia Carbon Market Forum Bursa Malaysia Date: 7-8 August 2024 Plenary 3: Creating a High Integrity ASEAN Carbon Market, Facilitating the Supplies of High Quality Credits Link: https://lnkd.in/gu286_T7 Mark your calendars and be part of the conversation! #CarbonMarkets #ClimateAction #GreenEconomy #EnvironmentalImpact

We are less then 10 days to the Malaysia Carbon Market Forum 2024! As ASEAN member countries have always come together to realise common goals, 2025 could be a defining year to forge ahead together on sustainability. While the global stage continues to grabble with standards, confidence and market mechanisms - ASEAN can move the needle at home, and for each other. Our discussions in Plenary 3 will centre around “Creating a High Integrity ASEAN Carbon Market, Facilitating Supplies of High-Quality Carbon Credits.” Thinking about how we can mobilise the private-sector to support the creation of high-quality carbon credits in the region, and how stakeholders can come together to create a high-integrity ASEAN carbon market that is greater than the sum of all domestic carbon markets and exchanges? Get these questions answered and many more with Gloyta Nathalang from Bangchak Corporation Public Company Limited, Thailand Carbon Markets Club, & Thailand Carbon Neutral Network (TCNN), Aruna Pradipta from Fairatmos, Dr Renard Siew from Yinson, Dang Hanh from VNEEC, and Fauziah Marzuki from BloombergNEF. To find out more, please visit: https://lnkd.in/gqVeUjas #MCMF24 #BCX #IETA #VCM

Unlocking the potential of Voluntary Carbon Markets through collaboration and shared vision. . 🌱🤝 The ASEAN region is taking bold steps to establish itself as a leader in carbon credit generation and trading. The recent ASEAN Alliance on Carbon Markets (AACM) Roundtable highlights the vital role of partnerships in navigating challenges and fostering sustainable growth in the ASEAN region. One of the main benefit of joining a partnership is the exposure towards indystry experts who can expand and extend the influence of initiatives dedicated to conserving forests. --- Join us on March 15, 2024 at AtmosTalk "Exploring Nature-based Solutions (NbS) Carbon Offset Projects in Vietnam" Register now on https://lnkd.in/ehgEbfgP for insights that pave the way to a greener, more resilient future. Let's unlock the potential of shaping a greener future. 🌍🤝 #VCM #SustainabilityPartnerships #AACMLeadership

In today's dynamic landscape, viability isn't just about survival—it's about thriving. It's about creating solutions that endure, making meaningful impacts, and ensuring sustainability for generations. And at the heart of this quest for viability lies the debate on the effectiveness of #carbontrading which can be a powerful tool for driving positive change in our environment and economy. 🌍 Timely commentary on making carbon trading "viable" given the ongoing discussions on Article 6 and developments on #carbonmarkets in ASEAN. https://lnkd.in/gDbnXBAR #carbonneutral #netzero #viability #thriving #netzero #ESG #sustainability #VCM #transparency

While carbon taxes are a crucial tool, they are not a silver bullet for achieving net zero emissions in ASEAN. This commentary explores the limitations of carbon pricing and proposes a multi-pronged approach encompassing policy, incentives, and regional collaboration. It emphasizes the need for systems thinking to achieve a paradigm shift towards sustainability. Finally, it calls for a collective effort from governments, corporations, and individuals to unlock the immense potential for a successful regional sustainability pivot in ASEAN. Many professionals who I have had the pleasure of talking to, knows that I am passionate about uplifiting ASEAN and the Global South to reach higher levels of development while respecting planetary boundaries (in a sustainable way). Our vast potential in feedstock and steadfast attitudes are prefect for our regional sustainability pivot. While my advocacy is growing, I seek to start conversations with decision-makers to enable me to make the connections to unlock new potentials, innovation and working relationships to ASEAN and the Global South. I am grateful for the opportunity to be one of the few ASEANs in the illuminem network of thought leaders and am glad I was able to interact with many peers who are way more experienced and globalised compared to my limited experience. Thank you for your generous support and collaboration. Have a wonderful Good Friday. #carbonoffset #Carbonpricing #Decarbonisation #SustainabilityPivot #ASEAN #NetZero #Policy #Government #CarbonMarkets #Economics #ConsumerBehaviour #CleanEnergy #CoordinateCollaboration #SystemsThinking

International trade patterns can either promote or hinder progress towards the SDGs. Results show that, over 1990-2018, developed countries have outsourced environmentally and socially detrimental production to developing countries, and for some social and environmental indicators the divide has worsened over time, with the gap between countries that outsource and countries that undertake adverse production widening. https://bit.ly/4dvENaO

As the global economy faces mounting environmental and social challenges, we find ourselves at a pivotal moment. The circular economy offers a more resilient and regenerative path, shifting from extraction and disposal to a closed-loop system that benefits both society and the environment. It was a valuable experience guiding the panel 'Perspectives on Integrating the Circular Economy' at the Vietnam Circular Economy in Action 2024. We had insightful discussions with experts like Mr. Nguyen Hoa Kong, VP of the Central Institute for Economic Management, Ministry of Planning; Dr. Morgan Carroll, ESG Corporate Expert; Kai Hofmann, Director of Sustainable Consumption and Production Projects, GIZ and Kim Lê, Founder & Managing Director of CL2B. Together we focused on how to balance global ambitions with local realities. We explored the benefits, challenges, and future pathways, touching on trade impacts and the importance of cross-sector collaboration to move to an impactful transition. A big thank you to Kim Le, John Vu and the CL2B team for organizing; and to the audience for your engagement throughout the entire session! #CircularEconomy #Sustainability #Resilience #ClosedLoop #Regenerative #SustainableVietnam #VCEA

Recently, China proposed new ESG rules that include the pursuit of a low-carbon and circular economy. As a pioneer in waste-conversion tech, UBQ Materials is turning organic waste into a versatile resource for hundreds of applications across numerous industries. In accordance with China’s commitment to environmental sustainability, UBQ can play a key role in strengthening the country's climate solution goals, emphasizing the shared dedication to innovation and sustainability. Check out China’s new proposed ESG rules in China Briefing's article: https://lnkd.in/deS8Ai5m #Sustainability #Innovation #ClimateChange #climatepolicy #sustainabilitygoals #China #ESG #circulareconomy

🤝 𝐂𝐞𝐥𝐞𝐛𝐫𝐚𝐭𝐢𝐧𝐠 𝐭𝐡𝐞 𝐋𝐚𝐮𝐧𝐜𝐡 𝐨𝐟 𝐭𝐡𝐞 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 𝐂𝐚𝐫𝐛𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐀𝐥𝐥𝐢𝐚𝐧𝐜𝐞! 🤝 Yesterday, Senior Minister of State Ms. Low Yen Ling announced the launch of the Singapore Carbon Market Alliance (SCMA), an initiative jointly established by the Singapore Economic Development Board (EDB) and IETA. This alliance aims to connect #international carbon credit developers and suppliers with Singapore-based corporates interested in purchasing carbon credits in alignment with #Article6 of the Paris Agreement. We at ACX (AirCarbon Exchange) are proud to be a member of the SCMA and part of this important initiative. The SCMA will serve as a vital platform, bringing together businesses with strong climate commitments, trusted carbon services firms, and government agencies to foster knowledge-sharing and strengthen partnerships. This alliance represents a significant step forward in accelerating global climate action and supporting #Singapore’s ambitious goal of achieving net-zero emissions by #2050. We are excited to contribute to building a vibrant and high-integrity carbon market, supporting companies in their sustainability journey. Congratulations again to EDB and IETA on the launch! Read more: https://lnkd.in/gdEgWu6M Find out more about SCMA: https://go.gov.sg/scma-sg #SCMA #ClimateAction #CarbonMarket #Sustainability #NetZero #ACX #EnvironmentalLeadership

Join us at the 2nd Net Zero with Nature Based Solutions (NbS) conference on April 23-24, 2024, in Singapore, where industry experts will convene to discuss the critical role of nature-based solutions in achieving net zero emissions. https://lnkd.in/giFnNJ7w   In a world where achieving #netzero #emissions is imperative to combat #climate change, #naturebasedsolutions #nbs offer a promising avenue. However, navigating the complexities of #investment and implementation requires clear, transparent, and rigorous scientific underpinnings. At this conference, participants will have the opportunity to learn from experienced professionals who will share insights, best practices, and lessons learned, providing invaluable knowledge for companies striving to achieve net zero emissions with integrity.   Don't miss our exciting panel discussion on "Emission Reductions, Removals, differing markets & standards - Which pricing trends to watch in 2024?" where experts will analyze potential price adjustments, discuss the impact of regulatory schemes like #CORSIA and Article 6, and explore how market fragmentation affects pricing and transparency. Join us as we shape the future of sustainable solutions together! Register to attend in-person or online > https://lnkd.in/gqaBi23v For more info, contact Tan Lee Lin at leelin@cmtsp.com.sg Kennemer Foods International, Inc. Indonesia Carbon Trade Association #netzero #carbonpricings #2024 #co2emissions #carbontaxes #emissionstradingschemes #naturalcapital #bluecarbon #forestcarbon #landowners #plantations #singapore #nbs #ecosystem #biodiversity #climate #forest #esg #sustainability #carboncredit #Voluntarycarbon #carbonmarkets #deforestation #carbonoffset #sciencebasedtargets #sbti