The Business Times
SUBSCRIBERS

Climate Impact X keeps scandal-hit carbon projects in flagship contract

Wong Pei Ting

Wong Pei Ting

Published Mon, Nov 13, 2023 · 05:00 AM
    • Environment technicians search for biological data from natural vegetation on sample plots being quantified for carbon sequestration at the Kasigau wildlife corridor in Taita-Taveta county on Aug 9, 2023.
    • Environment technicians search for biological data from natural vegetation on sample plots being quantified for carbon sequestration at the Kasigau wildlife corridor in Taita-Taveta county on Aug 9, 2023. PHOTO: AFP

    SINGAPORE Exchange-backed carbon exchange Climate Impact X (CIX) said its flagship contract will continue to include credits from two projects that are facing allegations of human rights abuses.

    CIX’s Nature X contract delivers a basket of credits drawn from 11 forest conservation carbon projects, including the Kasigau Corridor project in Kenya and the Southern Cardamom project in Cambodia.

    On Nov 6, a report by the Kenya Human Rights Commission and the Centre for Research on Multinational Corporations alleged systemic sexual harassment and abuse at Kasigau. Verra, the world’s biggest carbon-credit certifier, has suspended future issuance of credits for the project and is investigating the issue.

    Carbon MarketsCarbon Trading

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback
    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More