Bilateral agreements become “flimsy” when countries lack clarity on meeting their own climate goals while selling carbon offsets, says a city-state official. The republic has struggled to buy eligible credits from its two partners nations.
As declining oil output increases reliance on on foreign supply, the region’s oil import bill could exceed US$200 billion by 2050, posing major economic and energy security risks without a faster renewables shift, says the global energy authority.
Prominent aquanaut Fabien Cousteau urges caution in putting a price on marine ecosystems, arguing that too many actors in the blue carbon economy are focused on short-term gain and are out of sync with the way nature works. He called for blue carbon standards and slammed plans to mine the ocean floor as "reckless" without more research.