The standards organisation accused of approving “worthless” credits last year got an endorsement for meeting the ICVCM's quality criteria. The carbon market outlook remains unclear, with Indonesia recently censuring a huge forest project.
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.