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Opinion / #carbon credits
Carbon credits to be tabled under Malaysia’s new climate change bill should serve as a bridge towards decarbonisation rather than a substitute for it.
Sustainability standards and ratings do not generate enough information for businesses to understand their environmental impacts across scales and create mitigation plans to avoid further transgression of planetary boundaries.
The fashion industry business will not come from diplomacy or presidential handshakes, but from trust-based relationships built on fair purchasing practices, sustainability concerns, and other ethical commitments.
Unless governments act fast to tighten rules on carbon credits, Article 6 could become a dangerous loophole that stalls progress.
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