SUSTAINABLE FINANCE
“ CCS technologies are being considered as part of comprehensive strategies to support decarbonisation”
Ben Daly, Managing Director and Global Head of Transition Finance, Standard Chartered
Since 2023, Indonesia has established three ministerial and presidential CCS regulations and Malaysia’ s Parliament has passed the Carbon Capture, Utilisation and Storage Bill 2025, but Standard Chartered says further implementation details and commercial structures are needed to scale CCS.
Markets across the region are already collaborating to establish transboundary CCS and support its expansion, such as the S-Hub initiative, but to remove friction across markets it says this must go further. Commercial partnerships will be key to supporting the build out of the value chain among emitters, transport providers and CCS operators, Standard Chartered says.
“ While still nascent, CCS stands out as a strategic opportunity for Asia to accelerate decarbonisation, seek more sustainable growth and foster regional collaboration and innovation,” says Yingying Chen, Director of Transition Finance at Standard Chartered.“ We’ re committed to supporting our clients on this journey, leveraging our extensive global network and in-depth sector expertise.”
While international banks, including Standard Chartered, have shown willingness to support CCS and acknowledge its potential, careful consideration of risk is needed to ensure the successful development and execution of these expensive projects.
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