Singapore government cautions against firms and countries jumping ‘too quickly’ into carbon markets

Quick Summary:

Bilateral agreements become "flimsy” when countries lack clarity on meeting their own climate goals while selling carbon offsets, says a city-state official.

The republic has struggled to buy eligible credits from its two partners nations.

Chia said that the playbook was reviewed by some key countries and non-governmental organisations at the Bonn Climate Change Conference earlier this year and that they are planning to do a “fuller study” at the upcoming COP.

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Article Details

Author / Journalist: Gabrielle See

Category: EconomyBusiness

Markets: SingaporeAzerbaijanGhanaGuineaHong KongIndonesiaMalaysiaPapua New GuineaThailand

Topics: Emissions Carbon credits Carbon offsetting Paris Agreement REDD Net zero Carbon trading Carbon accounting

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-25 @ 06:47:00 (6 days ago)

News Timezone: GMT +8:00

News Source URL: eco-business.com

Language: English

Article Length: 1108 words

Reading Time: 7 minutes read

Sentences: 36 lines

Sentence Length: 31 words per sentence (average)

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

Copyright Owner: © Eco-Business

News ID: 23333739

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Main Topics: EconomyBusiness

Official Website: eco-business.com

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