The city-state wants to enter the UN-backed “Article 6.2” carbon trade from 2024, but the tight timeline presents challenges. Experts say buyer nations need to uphold quality, in what may eventually be an oversupplied market.
India Prime Minister Narendra Modi forged the alliance to demonstrate the country's climate leadership as host of the G20 summit. India is betting on blended fuels to help displace coal and oil.
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The group will soon announce commitments to decarbonise across the entire value chain, and improve its traceability and human rights policies, says Ku Kok Peng, who took up the CSO role in March last year.