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Carbon credits set to become increasingly important

The Star LogoThe Star9h ago

Carbon credits set to become increasingly important - The Star

Quick Summary:

Carbon offsets remain a crucial tool in facilitating the decarbonisation efforts of corporations, contrary to some critics, says Bursa Malaysia head of carbon market Dr Chen Wei Nee.

Dinagaran said, as such, in the short term, the carbon market needs to be scaled up.“If we look at the demand for carbon credits, it is about a few billion US dollars annually.

The drivers for them to purchase credits are if their suppliers or customers are asking for it or from banks who are requesting them to demonstrate more decarbonising efforts.“Therefore, the right carbon pricing is very important.


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Article Details

Author / Journalist: ELIM POON

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-07 @ 00:00:00 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 793 words

Reading Time: 5 minutes read

Sentences: 25 lines

Sentence Length: 32 words per sentence (average)

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

Copyright Owner: © The Star

News ID: 21960118

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About The Star

The Star Logo

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 76 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 25 minutes ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

Publisher Details

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The story "Carbon credits set to become increasingly important" was covered 9 hours ago by The Star, a news publisher based in Malaysia.

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  • URL: https://beamstart.com/news/carbon-credits-set-to-become-17229751122180

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