Singapore and Indonesia sign Article 6 carbon pact as Indonesia advances market implementation and Vietnam’s exchange opens
This week Singapore and Indonesia signed a bilateral memorandum of understanding on carbon credits under Article 6 of the Paris Agreement at their annual Leaders’ Retreat, formalising talks that had progressed earlier in the week. Indonesia also advanced from carbon market policy design into active implementation, approving its first four forestry carbon projects for international trading and launching the Indonesia Forestry Carbon Hub, both ahead of the 9 July SRUK registry debut. Vietnam’s new carbon exchange completed its first week of trading with modest but real volumes, and a new Boeing-backed report quantified an $8.5 billion CORSIA opportunity for ASEAN.

