Malaysia defers its Carbon Tax, Vietnam’s pilot ETS logs seven trades and the Philippines puts forest carbon rules in place
Malaysia’s environment minister said its carbon tax will not be implemented this year and will follow emission ceilings under a planned Climate Change Act. Vietnam’s domestic carbon exchange has recorded seven trades covering 1,310 allowances since its 29 June launch, Indonesia reported 1.98 million tCO2e traded on its carbon exchange to the end of August, and the Philippines said two DENR policies now underpin a voluntary forest carbon market. Singapore said its Article 6 priority is now implementation, and Verra’s CCS methodology received ICVCM Core Carbon Principles approval.

