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ASEAN previously believed that developed countries should bear more climate responsibility, but it has now begun actively promoting carbon pricing to drive corporate decarbonization. (Image: Unsplash)
Malaysia’s Sarawak has recently called for the establishment of a unified carbon market across ASEAN to boost carbon credit prices and address climate challenges.
The call comes amid delays in Southeast Asian countries’ efforts to implement carbon taxes and emissions trading systems (ETS), despite regional plans to align with the EU’s Carbon Border Adjustment Mechanism (CBAM).
