The Asean Carbon Initiative (AseanCI) shall be a not-for-profit organization (NFPO) connecting stakeholders to expedite carbon credit market maturity and expansion in the Asean region, positioning it in the succeeding/leading stage. AseanCl was founded by ProximaX Singapore Pte. Ltd., LatConnect 60Ltd, Oxon Capital Ltd, and Carbon Green Forests Sdn. Bhd.
Objective
Promote competitiveness in the supply of regionally generated carbon credits, attracting buyers based on credit quality, while establishing seamless execution infrastructure within the value chain.
Challenges & Strategies
Addressing challenges such as limited interest, diversity, and incentives for developing quality projects, financial sector risk aversion, standards, and technical weaknesses, our strategy is to drive proactive participation in the Asean carbon market. This involves leveraging resources for project financing, providing technologies, and processes to strengthen the value chain, contributing to successful relationships between suppliers and global buyers of carbon credits.
Ecosystem
The AseanCI ecosystem shall be powered by core services provided by its members, establishing an integrated end-to-end value chain and a carbon credit hub to foster collaboration and innovation among ecosystem players.