On 6 August 2024, the Integrity Council for the Voluntary Carbon Market (ICVCM) announced that carbon credits issued under existing renewable energy methodologies will not be able to use its high-integrity CCP® (Core Carbon Principles) label. With these credits accounting for nearly a third of the voluntary carbon market, how will this ruling affect the renewable energy market? This week, CGSI’s ASEAN Institute of Carbon Neutrality explores the rationale for ICVCM’s decision and the impact on the carbon market.

 

 

 

On 9 July 2024, Laos became the 19th country to collaborate with Singapore on carbon credits, which will help the two nations meet their climate goals, while allowing Singapore to grow into a carbon services and trading hub. How do these bilateral carbon trading agreements impact Singapore and how are they executed? Our third CGSI ASEAN Institute of Carbon Neutrality commentary dives into the complex world of carbon trading, taxes, Article 6, the Paris Agreement and more.

 

 

1 July 2024

 

Our newly incepted CGS International ASEAN Institute of Carbon Neutrality (AICN) aims to enable climate mitigation and adaptation action through developing thought leadership for capital markets. Introducing its first initiative, the AICN Sustainably Speaking series, where our ESG team shares monthly commentaries on trending topics. Our first commentary explores the rise in ESG bonds issuance in SEA, and our thoughts on the changing investor interest in green financing instruments Stay tuned for more curated research content and webinars developed by AICN in the coming months!