‘As yet, there are no credits’: Singapore launches new alliance to source Article 6 offsets for high-emitters

Quick Summary:

Through the platform, the country – which has already inked Paris-aligned deals to trade credits with two countries – aims to increase the supply of carbon credits that firms can use to offset taxable emissions, says government official.

Earlier this month, Malaysia also formed a new carbon market association, which includes state-owned oil company Petronas and national bourse Bursa Exchange, to support its carbon market development.

Last month, Singapore sent a delegation to Ghana to generate a pipeline of carbon projects between the two countries.

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Article Details

Author / Journalist: Gabrielle See

Category: EconomyBusiness

Markets: SingaporeColombiaGhanaGuineaIndonesiaMalaysiaPapua New GuineaPhilippines

Topics: Carbon credits Carbon trading Emissions Carbon tax Carbon offsetting

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-31 @ 11:13:00 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: eco-business.com

Language: English

Article Length: 893 words

Reading Time: 5 minutes read

Sentences: 31 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Eco-Business

News ID: 21871566

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Year Established: 2009

Headquarters: Singapore

News Last Updated: 11 hours ago

Coverage Areas: Singapore

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