The operationalisation of Article 6 at COP29 can be a critical lever to enable Asia Pacific’s transition to a low-carbon economy. Fragmented standards across countries, however, still present implementation challenges amid global geopolitical shifts.
Cambodia, Vietnam, Thailand and Malaysia's solar panel makers face varying tariff rates. Chinese manufacturers have already moved operations elsewhere, and smaller local players and workers will bear the brunt of the fallout.
Three new irrigation dams have been approved in Cambodia’s Cardamom Mountains, overlapping with two carbon credit projects. The new developments join five hydropower projects that are already eating into these same forests.