ICVCM identifies methodology gaps in Southeast Asia's carbon market

The Integrity Council for the Voluntary Carbon Market (ICVCM) has identified that current CCP-Approved methodologies do not adequately cover all relevant project types for Southeast Asia, such as peatlands, wetlands, and improved forest management. Project developers in the region report that global rules often misalign with local ecological, regulatory, and cost realities. The ICVCM is engaging with regional stakeholders to understand these challenges and is encouraging the development and submission of new nature-based and technology-based methodologies. Sixteen CCP-Approved methodologies are currently applicable in Southeast Asia, but developers perceive limitations for key regional project types.