MEX and KCCI Partner to Advance the Asian Voluntary Carbon Market
Macao International Carbon Emission Exchange (MEX) and the Korea Chamber of Commerce and Industry (KCCI) have signed an MOU to jointly develop a privately led Asian voluntary carbon market. The partnership will focus on market development, carbon credit listing and trading, and collaboration under initiatives such as KCCI’s “Asian Alliance” and MEX’s “Standard Carbon Market” program. The two organizations also plan to establish a joint working group to explore opportunities under Article 6 of the Paris Agreement and promote innovations in Digital MRV and cross-regional market integration. MEX said the partnership aims to improve transparency and liquidity in Asian carbon markets, while KCCI highlighted the goal of strengthening the credibility and tradability of Asian carbon assets.
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