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This week in ASEAN, sustainability developments focus on carbon markets and supply chain compliance. Indonesia’s national carbon market is set to launch in June, with cross-border trading and international alignment in focus.

Singapore is leaving room to moderate the pace of future carbon tax increases, with Prime Minister Lawrence Wong saying on Wednesday that the 2030 rate could land at the lower end of the previously announced range as global climate action loses momentum.

The mandatory rooftop solar requirement for large buildings in Taiwan will take effect this August. Authorities estimate the measure could add around 660 MW of installed capacity each year.

Investment demand for data centers in Yokohama is set to surge, including plans for a large-scale floating data center spearheaded by Japanese shipping heavyweight NYK Line in a cross-sector move.

With Thailand’s election results finalized, the passage of the government budget is now expected to proceed on schedule. The World Bank, however, says structural bottlenecks remain unresolved and has downgraded its growth forecast this year to 1.6%.

Malaysia is expanding its national sustainability standard to strengthen palm oil supply chain compliance.

The “undervaluing” of nature by businesses is fuelling its decline and putting the global economy at risk, according to a major new report.

The DPPA mechanism is expected to play a pivotal role in Vietnam’s roadmap toward Net Zero. However, during implementation, the Cost Structure must be carefully scrutinized when applying DPPA concurrently with the two-part electricity tariff.

Indonesia is preparing to fully roll out its national carbon market in June, with large-scale trading expected to begin in July. Authorities are currently working to integrate multiple carbon registry systems.

With clean energy projects no longer needing to be bundled with energy storage, companies are finding new opportunities at home and abroad.

According to the latest national survey by Reef Check Malaysia, about one-fifth of the country’s coral cover has been lost since 2022, a decline compressed into just three years. What had been gradual erosion now looks more like a slide.

The 25th Winter Olympic Games are taking place, with Italy hosting the Games for the fourth time. Climate change is reshaping winter sports worldwide. Snow sport athletes are experiencing these changes firsthand.