Carbon credits a ‘catalyst’ for climate action, not just a method to offset emissions: ecosecurities chief

Quick Summary:

Carbon financing, be it through nature or technology-based solutions, will be key to near and long-term decarbonisation in Asia.

Despite patchy developments in the region and a slowly growing number of companies with net zero goals, Asia appears to be moving in the right direction with its carbon markets, fuelling hopes of stoking increasing global demand for carbon credits: the voluntary carbon market was valued at US$2 billion in 2021 and projected to reach up to US$50 billion by 2030.

We encourage companies to integrate carbon credits and investments in projects as part of a broader, long-term net zero or sustainability strategy in alignment with the Science Based Targets initiative.

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Article Details

Author / Journalist: Jeremy Chan

Category: EconomyBusiness

Markets: SingaporeChinaIndiaIndonesiaJapanSouth KoreaMalaysiaPhilippinesThailandVietnam

Topics: Carbon footprint Carbon offsetting Carbon accounting Net zero Decarbonisation Compliance Carbon credits Air pollution Traceability Mangroves Investment Nature-based solutions ASEAN Renewable energy Avoided emissions Nature Carbon capture Emissions Carbon tax Blue economy Carbon neutral Carbon trading Reforestation Agribusiness Agriculture use and storage Climate finance Regenerative agriculture Biodiversity

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-16 @ 01:30:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: eco-business.com

Language: English

Article Length: 1584 words

Reading Time: 9 minutes read

Sentences: 47 lines

Sentence Length: 34 words per sentence (average)

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

Copyright Owner: © Eco-Business

News ID: 21642943

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