Asia-Pacific nations are rapidly becoming central players in shaping global carbon markets under Article 6 of the Paris Agreement. According to GenZero’s Anshari Rahman, countries like Indonesia, China, and India are advancing carbon pricing systems and expanding international carbon cooperation. Indonesia has formally recognised projects under global standards, while China’s stronger emissions targets and India’s focus on green hydrogen are attracting investor interest.
Rahman also rejected claims that Article 6 markets are “paralysed,” saying authorisations are actually accelerating as countries adapt to new reporting and emissions tracking systems. He highlighted energy transition and nature-based projects as major future opportunities, especially across Southeast Asia and the Global South. Singapore’s bilateral carbon agreements were also cited as a model for building trust and boosting private-sector participation in global carbon trading.