Opinion / #carbon offsetting
With the planet headed for well beyond 1.5°C of warming, the stakes for business are rising. Those who confront climate risk now could unlock what many economists say is the growth story of the century.
Australia's latest climate risk assessment highlights what could happen at 1.5, 2, and 3°C of warming in 2050 and 2090. The risks are alarming. But the rewards of limiting warming are worth fighting for.
As commitment to climate action unwinds in some parts of the world, companies in Asia could play an important role in the decarbonisation story. But sourcing the right tools to reduce emissions is critical.
It is risky to assume the many high-level standard-setting initiatives today can provide blanket improvements. Asian businesses all have a part to play to create a trusted carbon market that benefits climate, nature and stakeholders.
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