S1E74: Climate dictionary: What is the voluntary carbon market? - Green Pulse

Synopsis: Every first and third Monday of the month, The Straits
Times analyses the beat of the changing environment, from
biodiversity conservation to climate change.


In March, a digital platform that allows businesses to buy and
sell carbon credits was launched by Singapore-based carbon
exchange and marketplace Climate Impact X (CIX). This development
comes amid growing interest in carbon credits from companies
looking to reduce their carbon footprint.


By buying one carbon credit from elsewhere, emitters can offset
one tonne of greenhouse gas emissions from their total emissions.
But will this promote greenwashing among corporations? And how
effective are carbon projects at removing carbon from the
atmosphere?


In this episode, The Straits Times environment correspondent
Audrey Tan and climate change editor David Fogarty discuss the
voluntary carbon market with Mr Mikkel Larsen, the chief
executive of Climate Impact X (CIX) - a Singapore-based carbon
exchange and marketplace.


Highlights (click/tap above):


01:37 Who is buying carbon credits? 


02:49 How carbon credits from nature-based projects benefit the
global environment? 


7:38 Can the supply of carbon credits catch up with demand? 


10:40 Are emissions reductions from carbon credits
reliable? 


14:00 How can platforms like CIX’s help to prevent corporate
greenwashing?


Produced by: Audrey Tan (audreyt@sph.com.sg), David Fogarty
(dfogarty@sph.com.sg), Ernest Luis, Hadyu Rahim and Eden Soh


Edited by: Hadyu Rahim


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