The ASEAN Common Carbon Framework (ACCF) — An industry-driven initiative supporting credible, connected, and interoperable carbon markets across ASEAN.

The ASEAN Common Carbon Framework (ACCF) — An industry-driven initiative supporting credible, connected, and interoperable carbon markets across ASEAN. Established at COP29, aligned with Article 6 of the Paris Agreement.

Our Vision

Shaping a trusted and connected carbon market ecosystem across ASEAN and beyond, advancing the transition towards net zero.

ACCF Workstreams

Three workstreams driving the framework forward.

Workstream A

Supply and Demand

To enhance developer capacity, scale high-integrity projects, and position ASEAN as a trusted source for buyers, while boosting market confidence through alignment, financing, and co-benefit promotion.

Deliverables

  • Claims guidance
  • Mutual recognition for methodologies under national crediting schemes
  • Adherence to applicable international mitigation programs for A6 credits
  • Minimum standards for governance (aligned with ICVCM/IOSCO/IETA)
  • Carbon Project Financing
Workstream B

Market Infrastructure

To develop connected infrastructure, reduce cross-border barriers, and enable exchange collaboration for seamless ASEAN carbon markets.

Deliverables

  • Interoperable voluntary and compliance markets
  • At least one initiative that addresses removal of barrier for cross-border trading
Workstream C

Strategic Communications & Capacity Building

To facilitate capacity building, technical training, and industry collaboration to enhance a connected and efficient ASEAN carbon market, while driving strategic communications to engage stakeholders and promote market growth.

Deliverables

  • Technical trainings
  • Closed-door roundtables and carbon conferences organized by MOC partners (or affiliates) e.g. Malaysia Carbon Market Forum, IDCTA's conference, Ecosperity, ASEAN Climate Forum by AACM

Cross-cutting Catalysts

Pilot Projects (criteria to be determined)
for Workstream A & B
Policy & regulatory alignment across
Workstreams A–C

There is no Workstream Lead but a Lead responsible for each deliverable reporting directly to the PMO.

Signatory Party

ASEAN associations united behind one framework.

The founding signatories of the ACCF — regional associations driving credible and connected carbon markets across ASEAN.

AACM logo

ASEAN Alliance on Carbon Markets

Regional alliance connecting carbon market stakeholders across ASEAN.

IDCTA logo

Indonesia Carbon Trade Association

Association supporting Indonesia's carbon trading ecosystem.

MCMA logo

Malaysia Carbon Market Association

Driving credible carbon market development in Malaysia.

SSFA logo

Singapore Sustainable Finance Association

Advancing sustainable finance and carbon markets in Singapore.

CMC logo

Thailand Carbon Markets Club

Industry-led club advancing carbon market participation in Thailand.