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  "documentTitle": "Southeast Asia&#x27;s Green Economy",
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      "kind": "list",
      "text": "Bilateral agreements for credits trading vs ASEAN Common Carbon Framework (ACCF)",
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      "text": "Agreements signed with multiple nations for carbon credits trading. Within ASEAN (e.g., Indonesia, Malaysia, Cambodia, and Laos). Within APAC nations (e.g., Bhutan, Papua New Guinea). Additionally, Singapore has signed MoUs with other countries, including Chile, Fiji, Kenya, Mongolia, Morocco, and Peru, aiming to establish similar agreements. Singapore's MoUs require carbon credit developers to contribute 5% of proceeds from Article 6-authorized credits towards host countries' adaptation efforts or the UNFCCC Adaptation Fund.",
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      "text": "Proposed ASEAN framework for carbon projects to harmonize carbon market across SEA. This initiative seeks to ensure the credibility and integrity of carbon credits generated within the region, facilitating cross-border carbon trading.",
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      "text": "Singapore signed bilateral agreements under Article 6.2 of the Paris Agreement with other nations to trade credits for meeting its Nationally Determined Contributions (NDCs).",
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      "text": "ACCF aspires to support carbon standards that align with international quality benchmarks such as ICVCM and CORSIA to strengthen the integrity and market acceptance of ASEAN carbon credits supply. ACCF is expected to enhance ASEAN carbon market's interoperability, liquidity, and pricing efficiency. Carbon market associations across Malaysia, Indonesia, Singapore, and Thailand have signed a Memorandum of Collaboration (MoC) to support the ACCF.",
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      "text": "/ Non-exhaustive",
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      "kind": "source-note",
      "text": "Sources: Financial Times, Eco-Business, ASEAN Briefing; Carbon Herald; Singapore Ministry of Trade and Industry",
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      "kind": "title",
      "text": "Early signs of progress across SEA nations to accelerate development of harmonized, interoperable carbon credits markets",
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