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New agreements update 2014 environment pact and expand collaboration to carbon markets, digital technology and supply chains.
They called for fairer policies, stronger support, and inclusion in global sustainability standards such as Roundtable on Sustainable Palm Oil and EU Deforestation Regulation at annual roundtable conference on sustainable palm oil, RT2025.
Singapore is set to import 3.4 gigawatts of low-carbon electricity from its neighbour, following substantive progress made by seven Indonesia-based projects. These imports will contribute to the republic’s efforts to decarbonise its power sector.
Ravi Menon, who heads the Monetary Authority of Singapore (MAS), says that an appropriate carbon price will render blended finance and carbon credits to lower the cost of capital for energy transition projects in emerging markets unnecessary. He was speaking at the COP28 summit.
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