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Climate change ambassador Ravi Menon set out a three-pronged strategy to scale nature-based carbon markets in Southeast Asia, as corporates like CDL and Olam Agri told a panel at SGX Centre that nature disclosures are starting to unlock cheaper loans and shape investment decisions.
New Singapore-based initiative aims to aggregate demand for high-integrity carbon credits and unlock financing for early-stage climate projects across Asia.
The Philippines signed its first legal framework for trading carbon credits. Experts caution that key rules for measuring and approving emission cuts are still missing.
Conditional approvals were granted to Verra’s revised methodologies for the connection of renewable energy to grids and abatement of methane from coal mines.
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