Asia's Carbon Markets Strategic Imperatives for Corporations 2025

Abbreviations ACCF — ASEAN Common Carbon Framework ACX — AirCarbon Exchange AIoT — Artificial Intelligence + Internet of Things ASEAN — Association of Southeast Asian Nations BCE — Bursa Carbon Exchange CAGR — Compound annual growth rate CBAM — Carbon Border Adjustment Mechanism CCER — Chinese Certified Emissions Reduction CCTS — Carbon credit trading scheme CCUS — Carbon capture, utilization and storage CDM — Clean Development Mechanism CDR — Carbon dioxide removal CIX — Climate Impact X CNBM — China National Building Material Group CORSIA — Carbon Offsetting and Reduction Scheme for International Aviation CSG — China Southern Power Grid DAC — Direct air capture ERW – Enhanced rock weathering ETS — Emission trading system FID — Final investment decision FTIX — Federation of Thai Industries Carbon Credit Exchange GDP — Gross domestic product GHG — Greenhouse gasGX-ETS — Japan’s Green Transformation Emission Trading System HKEX — Hong Kong Exchanges and Clearing Limited JCM — Joint Crediting Mechanism K-ETS — Korean Emission Trading System MACC — Marginal abatement cost curve MEE — Ministry of Ecology and Environment MOL — Mitsui O.S.K. Lines MRV — Measurement, reporting and verification NCM — National Crediting Mechanism NbS — Nature-based solutions NDC — Nationally Determined Contributions NDRC — National Development and Reform Commission PAT — Perform, achieve and trade SBTi — Science Based Targets initiative SDG — Sustainable Development Goal SGCC — State Grid Corporation of China SLTEC — South Luzon Thermal Energy Corporation SOE — State-owned enterprise TbS — Technology-based solutions UNFCCC — United Nations Framework Convention on Climate Change VCM — Voluntary carbon market WDR — Water-saving and drought-resistant rice Asia’s Carbon Markets: Strategic Imperatives for Corporations 48