Co-led by two senior South Pole staff, the Singapore-based Asia Centre of Carbon Excellence seeks to grow nascent decarbonisation projects in the region, such as early coal phase-out, greener shipping fuels and carbon capture and storage.
Jennifer Morris, who heads up the global conservation outfit, rules out preserving nature through internationally traded biodiversity credits as it does not make scientific sense, but says “like for like” regional certificates could work.
EB Studio
Decarbonisation won’t come easy – especially for Asia Pacific. With its growing presence in Singapore, climate solutions consultancy STX Group aims to assist corporates in the region to navigate the journey.
Economist Michael Greenstone, who first put a price on emissions for the US government, says that unless the price gap between fossil fuels and clean energy narrows, poor countries will face difficult trade-offs amid climate breakdown.