News / #REDD
Developing the credit markets will address a funding gap for nature-based solutions, said Tharman Shanmugaratnam. His proposal faced pushback from other panellists at the World Economic Forum who cautioned against commodifying nature.
The World Bank is set to pay the country up to US$45 million in results-based financing to reduce its land use emissions. But only 72 per cent of the funds are expected to reach the beneficiaries after administrative deductions.
Carbon & Climate
Collaboration challenging if countries jump ‘too quickly’ into carbon markets without robust frameworks: Singapore official
Article 6 of the Paris Agreement leaves a lot of flexibility for countries to trade carbon credits but a standardised playbook is needed to guide how countries can meet their climate goals while selling carbon offsets, says a city-state official, adding that bilateral deals become "flimsy" otherwise. The republic has struggled to buy eligible credits from its two partner nations.
Policy & Finance
Stopping deforestation ‘not costly’, must be Asia’s top priority with focus on integrity: Singapore’s climate action ambassador
Citing estimates, former central banker Ravi Menon says a carbon price of just US$20 per tonne could halve Southeast Asia's deforestation rate. At the Unlocking capital for sustainability 2024 summit, he cautioned that Asia cannot compromise on emissions cuts even as it pursues growth. The loss of carbon sinks has "serious implications".
All #REDD News
31 May 2024
Carbon & Climate
Voluntary offsets market value tumbles to a third of 2021 peak
2 May 2024
16 April 2024
8 April 2024
5 April 2024
2 April 2024
22 March 2024
Carbon & Climate
Mikkel Larsen, chief of Singapore's carbon bourse CIX, to resign
29 February 2024
Carbon & Climate
South Pole appoints new chief on back of carbon project furore
25 December 2023
9 November 2023
30 August 2023
Carbon & Climate
New Asia-based carbon standards body looks to decarbonise megacities
15 August 2023
Carbon & Climate
Behind Cambodia's big bet on REDD+ projects
Carbon & Climate
An investor’s guide to buying forest carbon offsets
15 February 2023
23 March 2022
Carbon & Climate
Are carbon markets killing conservation?
7 December 2021
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