S1E62: Much ado over carbon markets, credits and COP26 negotiations: Green Pulse Ep 62

Green Pulse Ep 62: Much ado over carbon markets, credits and
COP26 negotiations


14:13 min


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.


One of the key issues negotiators will discuss at the UN climate
conference COP26 (from Oct 31 to Nov 12) is on Article 6 of the
Paris Agreement. This relates to carbon markets, and whether
countries can trade carbon credits to meet their climate pledges
— known as nationally determined contributions (NDCs).


It will also establish rules on who emissions savings accrue to,
if one nation pays to set up a green initiative - say a wind farm
instead of a coal plant - in another country.


In this second of a two-part series on what COP26 means for the
Asean region, ST environment correspondent Audrey Tan and climate
change editor David Fogarty speak with Ms Melissa Low, a research
fellow at the National University of Singapore’s Energy Studies
Institute, about this contentious issue. 


They discuss the following points:
What is Article 6 of the Paris Agreement? (0:48)

Singapore has also announced plans to build a carbon credit
exchange: what is the issue of the double counting of carbon
credits (4:04)
Use of units generated before 2020 to meet nationally
determined contribution targets, also known as the Clean
Development Mechanism transition (7:30) Singapore’s Minister for
Sustainability and the Environment Grace Fu has been invited to
co-facilitate discussions on this contentious topic: What this
means and why choose Singapore? (10:18) What if countries fail to
sort out Article 6 negotiations at COP26? (11:40)

Listen to Part 1 - What COP26 means for Asean:
https://omny.fm/shows/green-pulse-1/implications-for-asean-at-cop26-green-pulse-ep-61


6 key issues at COP26: https://str.sg/3pT7


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


Edited by: Hadyu Rahim


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Read his stories: https://str.sg/JLMu


Read ST's Climate Code Red site: https://str.sg/3pSz


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