Launched under Indonesia's ASEAN Chairmanship in 2023, AACM is the first private sector-led body advocating for cross-border cooperation in carbon market development. It was formed in recognition of carbon markets as a key climate financing tool and of ASEAN's rich natural assets with carbon removal capability.
“Promote the scaling of voluntary carbon markets and support the implementation of compliance markets across ASEAN.”
Areas of focus
Cross-border carbon market cooperation
Scaling voluntary carbon markets
Supporting compliance market implementation
Private sector advocacy
Highlights
Regional footprint
Alliance members span Indonesia, Malaysia, Singapore, Thailand, Vietnam, Laos, Myanmar and beyond.
ACCF progress update
Published "ASEAN Common Carbon Framework Advances Regional Coordination and Moves Toward Practical Implementation" (May 2026).
IDCTA convenes Indonesia's carbon trading community — developers, verifiers, buyers and policymakers — to build market literacy, publish practical guidance and channel industry input into national carbon policy.
“Carbon trade is not just an ordinary trading scheme, it's the downstream of the sustainability ecosystem.”
Areas of focus
Policy insight initiative
Market education and youth capacity building
Publications and white papers
Convening the Carbon Developer Conference
Highlights
Indonesia Carbon Market White Paper
Flagship publication mapping Indonesia's carbon market, produced with PwC Indonesia.
MCMA is a non-profit organisation representing the Malaysian carbon market — a consortium of key players from Malaysia's private and public sectors contributing to the development of the country's carbon market ecosystem.
“Making Malaysian carbon markets accessible to all.”
Areas of focus
A vibrant carbon market ecosystem
Contribution to national policy formulation
Talent and competency development
Domestic and international collaboration
Highlights
Demand and supply
Works to accelerate demand, catalyse supply and support high-quality technology- and nature-based projects.
Net Zero 2050 alignment
Advocates that compliance and voluntary markets contribute effectively and equitably to Malaysia's 2050 net zero goal.
Professional standards
Builds carbon market talent to the highest levels of professionalism and competency.
Singapore Sustainable Finance Association
Advancing sustainable finance and carbon markets in Singapore.
Established by the Monetary Authority of Singapore together with the financial industry — building on the industry-led Green Finance Industry Taskforce — SSFA fosters collaboration across asset classes and strengthens the link between finance and the real economy.
“Building a vibrant, trusted and inclusive sustainable finance ecosystem in Singapore.”
Areas of focus
Transition and carbon market financing
Industry guidelines and taxonomy adoption
Blended finance and capital mobilisation
Nature, biodiversity and climate resilience
Highlights
Legal and accounting clarity for carbon credits
Newsroom feature with GenZero, Eng and Co. LLC and PwC Singapore urging clearer treatment of verified carbon credits (April 2026).
Thailand's first greenhouse gas reduction club supporting the trading of carbon credits and Renewable Energy Certificates, established by 11 leading organizations with a shared vision of accelerating climate action through markets.
“Join us and be part of a mission to recreate a better world.”
Areas of focus
T-VER carbon credit trading
Renewable Energy Certificates (RECs)
Public climate awareness
Corporate and individual membership
Highlights
Integrated marketplace
Operates as a fully integrated marketplace where organisations and individuals can trade carbon credits.
T-VER credits
Facilitates trading of credits under the Thailand Voluntary Emission Reduction Program.
Carbon tax readiness
Helps prepare Thai industry for emerging carbon pricing and trade-related carbon barriers.
Summaries above are drawn from each Signatory Party’s public website. Please refer to their official sites for the latest information.
