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Foxconn launched its first overseas NbS project in Vietnam's Quang Ninh Province, targeting measurable carbon sequestration and biodiversity outcomes through a three-year mangrove restoration roadmap. Read the full report on RECCESSARY.

This week in Southeast Asia, renewable energy, carbon governance, and marine sustainability take center stage. Indonesia’s Danantara fund backs PLN to speed up green projects, while the government cracks down on illegal palm oil and mining.

On the eve of COP30, an innovative mechanism aimed at transforming global forest protection financing was officially kicked off. The TFFF, initiated by host country Brazil, seeks to establish a sustainable fund with up to USD 125 billion.

Los Angeles is grappling with the most severe wildfires in its history, forcing tens of thousands of people to lose their homes. One of the primary causes, according to experts, is extreme weather driven by climate change.

Recently, Thailand amended tax laws to encourage mangrove restoration, with plans to exempt land taxes on green area, such as mangrove forests, starting in 2025.

Southeast Asia's carbon market potential remains largely untapped. A recent report highlights that over the past 15 years, carbon credits provided by the ASEAN region have accounted for only 7% of the global carbon market.

With a coastline extending over 3,000 kilometers, Vietnam, blessed with a unique geographical environment, is actively exploring new opportunities in blue carbon.

Localities throughout Vietnam are undertaking activities to develop the carbon credit market.

Afforestation is one of the most direct ways to increase carbon sink. Vietnam planted nearly 770 million trees in 2021-2023, achieving 77% of its goal to plant one billion trees in the 2021-2025 period.

Indonesian government officials recently ruled that 200,000 hectares of oil palm plantations are planned to be returned to the state and converted back into forests, and that figure may increase.