- EU and ASEAN held a side event on 4 September 2025 to discuss carbon pricing cooperation.
- The EU's Emissions Trading System has reduced emissions by about 50% since 2005.
- ASEAN's Common Carbon Framework aims to unify carbon pricing policies in the region.
- ASEAN and EU partners committed to enhancing cooperation on carbon pricing at COP30.
Event Overview
On 4 September 2025, the EU and ASEAN held a high-level side event during the ASEAN-EU Ministerial Dialogue on Environment and Climate Change. The focus was on strengthening cooperation in carbon pricing and market mechanisms as tools for climate action.
EU's Contribution
European Commissioner Wopke Hoekstra highlighted the EU's success with its Emissions Trading System, which has cut emissions by approximately 50% since 2005. He emphasized the EU's readiness to share expertise with ASEAN partners to support their carbon pricing efforts.
ASEAN's Initiatives
Singapore’s Minister for Sustainability and the Environment, Minister Fu, discussed the benefits of ASEAN-wide cooperation on carbon pricing. The ASEAN Common Carbon Framework aims to align policies and methodologies across the region, enhancing the effectiveness of carbon pricing schemes.
National Insights
Representatives from Malaysia and Indonesia shared insights on how bilateral cooperation with the EU can support the development of robust domestic carbon pricing systems. These efforts complement regional initiatives and promote economic equity among ASEAN members.
Commitment to Cooperation
The event concluded with a renewed commitment from both ASEAN and EU partners to strengthen cooperation on carbon pricing and markets. This includes promoting effective carbon pricing policies internationally, particularly at COP30, and continuing technical support and collaboration.
