ASEAN Common Carbon Framework

This initiative supports the ASEAN Strategy for Carbon Neutrality by addressing both the supply and demand for high-quality carbon credits within the region. Through advocacy for the ASEAN Common Carbon Framework (ACCF), it aims to create a unified, transparent, and efficient carbon market that fosters sustainability and environmental responsibility across ASEAN. By aligning efforts across member countries, this initiative seeks to accelerate the transition towards a carbon-neutral future, promoting effective climate action and driving the region's commitment to long-term environmental goals.

The mission is to:

1. Advocate for a vibrant voluntary carbon market (VCM) ecosystem, in particular facilitating the development of high-quality carbon projects encompassing both technology and nature-based solutions in Malaysia;

2. Contribute to formulation of national policies so compliance and voluntary carbon markets can effectively and equitably contribute towards Malaysia’s Net Zero goal as early as 2050;

3. Contribute toward talent development, to achieve the highest level of professionalism, knowledge and competency in the carbon markets; and

4. Collaborate with international and domestic carbon partners in both the public and private sectors so as to foster a greater and interoperable carbon market to enhance carbon price efficiency and channel funding support towards carbon projects in developing and emerging economies.

Malaysia Carbon Market Association (MCMA)

As an effort towards achieving ACCF, the MCMA was established to drive cooperation among ASEAN Member States. The association's core focus is to promote a dynamic voluntary carbon market, aiding in the development of national carbon market policies, enhancing carbon market talent development, and collaborating with international and domestic carbon partners in both the public and private sectors.