Project tittle: ASEAN - Korea Cooperation on Methane Mitigation (AKCMM)

Budget: USD 19.95M

Proponent: The Global Green Growth Institue (GGGI)

Period: 2024-2027

The ASEAN-Korea Cooperation on Methane Mitigation (AKCMM) is a 3-year, USD 20M project with an ambitious goal of catalyzing the reduction of methane emissions at scale in the ASEAN region. AKCMM is the first project under Partnership for ASEAN-ROK Methane Action (PARMA) – an umbrella initiative launched at the 23rd ASEAN-ROK summit in Cambodia – that encourages matchmaking of ASEAN’s needs and ROK’s solutions to address barriers to methane emission reduction.

As the first project under PARMA, AKCMM offers a broad range of technical assistance to participating ASEAN Member States (AMS). AKCMM supports activities that:

  1. Strengthen institutions, policies, and regulations associated with methane emission reduction,
  2. Improve the accuracy and reliability of methane emission measurements,
  3. Utilize blended finance and innovative approaches, in collaboration with the private sector, to achieve measurable and verifiable methane emission reductions, and
  4. Promotes regional knowledge sharing of best practices and lessons learned.

Upon the completion of AKCMM in 2028, ASEAN Member States will be better equipped with the tools, knowledge, and partnerships necessary to significantly curb methane emissions, setting a new standard for climate action in the region. This project will not only contribute to a more sustainable and resilient ASEAN but also serve as a model for international cooperation in addressing global environmental challenges.