For years, discussions on Asia\u2019s carbon market have been confined to\ndiscussions of potential and framework development. However, entering\n2026, that negotiation phase has officially ended and shifted to an era\nof real implementation.<\/p>\n
CEO and Chairman of The GrowHub Limited, Lester Chan, emphasised that\nAsia\u2019s position is crucial in the global climate landscape. \u201cAsia now\naccounts for more than half of global emissions. The region also\npossesses some of the world\u2019s most important natural carbon sinks, such\nas mangrove ecosystems, tropical forests, and mountainous areas,\u201d he\nsaid.<\/p>\n
According to him, the primary challenge at present is how quickly and\ncredibly the region can generate verifiable impact.<\/p>\n
In line with global trends, Southeast Asian countries have begun\nstrengthening their carbon pricing mechanisms. Indonesia, for instance,\nhas launched a carbon exchange called IDX Carbon. This move is supported\nby Law Number 4 of 2023 on the Development and Strengthening of the\nFinancial Sector (P2SK) and derivative regulations from the Financial\nServices Authority (POJK Number 14 of 2023).<\/p>\n
Neighbouring countries are keeping pace. Thailand has passed a\nClimate Change Amendment Bill, Vietnam has begun pilot testing an\nemissions trading system (ETS), and Malaysia is preparing to implement a\ncarbon tax.<\/p>\n
This development sends a strong message to the business community\nthat carbon is no longer merely an ancillary issue in ESG reports, but\nrather a determining factor in corporate costs, risks, and\ncompetitiveness.<\/p>\n
As the number of projects increases, scrutiny of carbon credit\nquality has become increasingly stringent. Data shows a market shift\naway from cheap emission avoidance credits towards high-integrity\nemission reduction and carbon sequestration projects.<\/p>\n
In 2025 alone, investment in new carbon projects tripled, surpassing\nUS$10 billion.<\/p>\n
Amid these transparency demands, Measurement, Reporting, and\nVerification (MRV) has become a vital element. Without reliable data on\nbaselines and the sustainability of impact, the market will lack\nconfidence.<\/p>\n
In response to this challenge, Singapore-based technology company The\nGrowHub Limited has developed an AI and blockchain-based carbon\nemissions management solution. AI technology is used to monitor and\nmodel project performance, whilst blockchain ensures that the data trail\ngenerated cannot be altered from the field to the registry.<\/p>\n
\u201cThis capability is no longer merely an added feature, but rather a\nbasic standard for projects seeking long-term credibility,\u201d said Lester\nChan.<\/p>\n
Asia\u2019s carbon market is now at a turning point. The coming years will\ndetermine whether the region can leverage its natural resources with the\nintegrity the world demands.<\/p>\n
The highest priority at present is disciplined and quality\nimplementation, with investors and project developers needing to support\nrobust governance aligned with government policy. Technology support and\nmature regulation are expected to transform Asia\u2019s considerable\npotential into measurable real impact for global climate change\nmitigation efforts.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/carbon-asia-moment-entering-an-era-of-real-action-and-technology-transparency-1773219211", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }