The finalization of Article 6 of the Paris Agreement during the 26th Conference of Parties (COP26) has sparked optimism regarding financing opportunities in the carbon market. Recent developments in carbon markets have garnered significant interest among members of the ASEAN-CRN, particularly in their potential benefits for smallholder farmers. To address this interest, the ASEAN-CRN has undertaken a collaborative effort, convening experts and regional agencies to conduct a comprehensive study. As the Chair of ASEAN-CRN, the Thai Department of Agriculture has offered initial guidance on the direction of the study. The primary objective of this study is to explore how carbon markets can positively impact smallholder farmers in the ASEAN region.
It is worth noting that the paper was not circulated to the ASEAN Member States (AMS) prior to its publication, but benefitted from insights and information gathered during various ASEAN CRN knowledge exchange events from the latter part of 2022 onwards. This paper, however, is available for unrestricted use by various state and non-state actors, including Civil Society Organizations (CSOs), the private sector, research institutes, and individuals, provided appropriate citation is given. The publication of the Discussion paper has been made possible with generous support from BAYER.
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