S1E67: Private sector's role in international carbon markets: Green Pulse Ep 67

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.


A set of rules on carbon markets was agreed on at the COP26
climate summit in Glasgow in November, allowing countries to
cooperate with one another to achieve their climate targets.
Instead of focusing solely on reducing emissions within their own
borders, countries now have the option of buying carbon credits
generated elsewhere to offset their emissions. But what would
this all mean for the private sector, and for countries like
Singapore, which is too small to host any significant emissions
reductions projects nor be a large buyer of carbon credits?


In this episode, environment correspondent Audrey Tan and climate
change editor David Fogarty speak with Ms Elizabeth Beall,
climate and sustainability practice lead at advisory firm Global
Counsel, on the role of the private sector in international
carbon markets and how Singapore is poised to be a leader in
carbon services. 


Highlights (click/tap above):


04:13 What do corporations that buy offsets stand to gain beyond
claiming credit for sustainability efforts?


06:08 How will the COP26 outcome on carbon markets change the
corporate appetite for carbon credits?


09:23 Will the private sector see greater governmental
intervention in voluntary carbon markets?


12:23 Singapore aspires to be a carbon services hub. What does
this mean?


13:42 What are the changes in the private sector that the recent
outcome is expected to spur?


Listen to Ep 66: Article 6 - Rise of the carbon markets? -
https://omny.fm/shows/green-pulse-1/article-6-rise-of-the-carbon-markets-green-pulse-e


Carbon credits explained:
https://www.straitstimes.com/world/carbon-copy-tricky-carbon-market-rules-struggle-to-get-off-the-ground


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


Edited by: Hadyu Rahim


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