LONDON, April 18, 2024 /PRNewswire/ -- Abatable is
pleased to announce a partnership with the ASEAN Alliance on Carbon
Markets (AACM). The AACM is an initiative that seeks to promote the
growth of voluntary carbon markets across ASEAN (the Association of
Southeast Asian Nations) and support the implementation of
compliance markets. The collaboration was announced today during an
executive roundtable at the Embassy of the Republic of Indonesia in Singapore, held to discuss the strategic
development of carbon markets in Southeast Asia.
The ASEAN region is home to some of the more advanced carbon
markets and boasts one of the world's most investable carbon
stocks. A recent surge in financing opportunities for nature-based
transactions aimed at combating deforestation has been seen here,
alongside a rise in domestic carbon market programmes.
The roundtable event explored opportunities to advance the
carbon market ecosystem, address challenges, and devise actionable
plans to foster sustainable growth, and impact, within the
region.
The partnership will focus on supporting the AACM's policy
advocacy work, centring on an upcoming report on the voluntary
carbon market in Southeast Asia,
led by Abatable's policy specialists. The report will be launched
at Climate Week New York City in September of this year.
Co-Founder of Abatable, Maria Eugenia Filmanovic, speaking as
part of the dialogue discussions today, comments: "Carbon
markets have proven to be an effective tool in facilitating finance
flows from rich to low- and middle-income countries, supporting
positive solutions for climate, nature and people. We are delighted
to be partnering with the AACM to advance the development of carbon
markets across Southeast Asia. As
the first private sector-led body to advocate for cross-border
efforts in the areas of carbon market development, this
collaboration solidifies Abatable's role at the centre of carbon
market policy within this important region."
Dharsono Hartono, Permanent Chair of the AACM and CEO of PT
RMU, said: "I'm pleased to see the strategic partnership
between Abatable and AACM signed today in Singapore. The Alliance is well-positioned to
work with leading organisations and international partners to
address the most pressing issues in both the VCM and compliance
markets. In 2024, we will be looking at two reports focusing on the
ASEAN region and on the Indonesia
market. As the ASEAN Secretariat is shaping the next ASEAN Economic
Community blueprint for the next 25 years and as we're seeing the
Indonesian government in transition for a new administration by
this October, AACM wish to foster a regional ecosystem with
multi-sectoral approach to support their key priorities to allow
Southeast Asia to truly unleash
economic and environmental benefits for the ASEAN region,
Indonesia and wider societies.
Beyond 2024, the AACM will be looking at Malaysia and other countries' deep dives
subject to inputs from our International Advisory Board (IAB)".
Steven Marcelino, Deputy
International Affairs of the AACM and Managing Partner of
Equatorise Advisory, said: "The policy advocacy track has been
a key part of AACM since its inception. AACM is inclusive by
nature, welcoming both Southeast Asian domiciled organisations as
well as those in ASEAN Dialogue Partner countries outside the
region. We hope the Abatable-AACM partnership can support the
Alliance in contributing market insights to key policymakers
through key reports that will be launched in the Autumn of 2024.
For the first time, we will be able to look at all types of carbon
projects from NbS; Biochar; and so on in a single study to project
potential inward investment and job creation opportunities whilst
addressing the climate crisis."
HE Suryo Pratomo, Indonesia Ambassador to Singapore said: "Indonesia is delighted to see the continuation
of such a positive legacy project at the back of Indonesia's ASEAN Chairmanship in 2023. The
ASEAN Alliance on Carbon Markets (AACM) plays a key role to foster
a robust ecosystem of players across the carbon markets value chain
that will be able to work hand in hand with Indonesia and ASEAN policymakers to really get
this industry off the ground. We really applaud what AACM is trying
to do to foster the first regional ecosystem to promote scaling
Voluntary Carbon Markets across ASEAN and to support implementation
of compliance markets in the region. It is crucial to have AACM
& Abatable to support governments in Indonesia & ASEAN for capacity building
and technical assistance to ensure the various elements work in
practice. I believe there is a strong role for carbon markets to
play in the Indonesia 2045
roadmap, given the current Jokowi Administration has launched
Indonesia Carbon Exchange through IDX, a promising milestone last
year with more to come."
For further information on Abatable and its service offering, go
to abatable.com.
About Abatable
Abatable is on a mission to enable all organisations to
build a thriving future for climate, nature and people. We do this
by developing the tools organisations need to confidently navigate
carbon markets and find the right partners, understand market risk
and amplify their planetary impact. Our solutions are enabled by
technology, and powered by people, making us a trusted guide for
organisations looking to take action within the complex and
evolving carbon markets.
About AACM
ASEAN Alliance on Carbon Markets (AACM) will be the first
private sector-led body to advocate for cross-border efforts in the
areas of carbon market development. AACM will foster a regional
ecosystem and act as a focal point for international partnerships,
with activities including capacity building and technical
assistance.
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