Eco-Business

Tropical peat swamp forest carbon monitoring, Central Kalimantan

The council will rule on major forest carbon project types and programmes, including market goliath Verra, in the coming months. The focus will be on nudging for improvements, a standards oversight and board member tells Eco-Business.

Project developers are digging into reserves to cover losses, but these challenges might be difficult for local communities to grasp. Legal obscurity on what happens when players go bust could also make future insolvencies messy affairs.

Three of the “Big Four” carbon standards organisations have received endorsement, while market major Verra is still under review. A nonprofit says the approved groups are not yet watertight on transparency.

Big names are set to descend on the city-state this month for an annual conference dedicating a full day to discuss financing and regulations for protecting forests and biodiversity, amid challenges around the integrity of such ventures.

By Liang Lei

By Gabrielle See

By Aruna Chandrasekhar, Orla Dwyer, Giuliana Viglione

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