Introduction
AACM was launched under Indonesia’s ASEAN Chairmanship in September 2023 at the ASEAN Business & Investment Summit (ABIS). We are a legacy project under the ASEAN Business Advisory Council (ASEAN-BAC)
AACM aims to promote the scaling of voluntary carbon markets and support the implementation of compliance markets across ASEAN. Continuing to develop carbon markets in ASEAN could unlock a cumulative revenue of $3tn for the region by 2050, through the reduction or removal of emissions equivalent to 1.1 gigatonnes of CO2 by the same date (Abatable, AACM & Equatorise, 2024).
Recognising ASEAN’s natural capital and the significant climate financing gap, AACM is the first private sector-led body to advocate for cross-border efforts in carbon market development. We are a membership-based regional ecosystem, acting as a focal point for international partnerships, capacity building, and policy advocacy.”
Priority Areas
Supply
Build the capacity of project developers and validation & verification bodies (VVBs) to develop and recognise high-integrity carbon projects in ASEAN
Financing
Support initiatives enabling access to early financing and de-risking mechanisms to mobilise more capital into ASEAN carbon projects
Demand
Promote market confidence to trigger more regional and international demand for ASEAN carbon credits
ASEAN Common Carbon Framework (ACCF)
Advocate for market interoperability and mutual recognition within ASEAN
International PR and Strategic Communications
Raise the profile of the ASEAN carbon markets industry through regional/international convening and media engagement
AACM delivers the Supply, Innovative Financing, and Demand priority areas through member-led Thematic Working Groups (TWGs), with AACM Secretariat providing project management support.
ACCF and International PR & Strategic Communications operate as cross-cutting enablers supporting all TWGs, with delivery led by the AACM Secretariat.
Governance Structure
