Carbon Pricing in Southeast Asia: Brief
Southeast Asian countries have been exploring effective ways of introducing carbon pricing in their economies. In 2023, Indonesia launched IDXCarbon, the country’s first official carbon exchange. The Philippines is evaluating the feasibility of introducing an emissions trading system. VietNam announced its plan to pilot an ETS starting in June 2025, with the target of full operation by 2029. This brief summarises the current status of carbon pricing, including the most recent developments; discusses the challenges; and highlights the opportunities for making progress.
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