The Business Times
business-time-50

Singapore carbon exchange CIX sticks with Cambodian project amid human rights review

google-preferred-sourceAdd BT as a preferred source
Wong Pei Ting

Wong Pei Ting

Published Mon, Jul 31, 2023 · 05:00 AM
    • Lush forests seen at the Southern Cardamom Redd+ project, which protects 497,000 hectares of tropical rainforest in South-west Cambodia. The project is one of 11 whose credits are included in the Nature X contract.
    • Lush forests seen at the Southern Cardamom Redd+ project, which protects 497,000 hectares of tropical rainforest in South-west Cambodia. The project is one of 11 whose credits are included in the Nature X contract. PHOTO: WONG PEI TING, BT

    SINGAPORE-BASED carbon exchange Climate Impact X (CIX) is keeping credits from a suspended Cambodian project in its flagship contract, as a standards body reviews the project over human rights allegations.

    In taking a wait-and-see approach, the exchange is being careful to avoid knee-jerk reactions and let the verifier’s review run its course, CIX head of product Tom Enger told The Business Times.

    He said reviews have their merits in granting “20-20 hindsight”, uncovering new information and reassessing baselines, but also that “it is not cool when a project is attacked or rashly assumed to be ‘guilty until proven innocent’”.

    Carbon MarketsCarbon creditsCarbonESG

    TRENDING NOW

    Liang’s net worth more than doubled to US$36 billion, from around US$16.7 billion, according to the Bloomberg Billionaires Index. 

    DeepSeek founder Liang Wenfeng becomes the world’s richest AI model creator

    Targeted for completion in 10 months, the oil terminal will comprise two floating-roof tanks that can store 3.5 million litres of diesel and 2.5 million litres of petrol.

    Singapore fuel distributor Global Group doubles down on Timor-Leste with US$10 million oil terminal

    Philippine’s Maharlika support for Petron through a credit facility shows the sovereign fund’s role in the nation’s energy security.

    Early payout from Philippines’ Maharlika Investment Fund raises eyebrows over its true nature

    More interest in prime condos comes amid a softening in the broader private residential market.

    Flight to safety: New citizens and PRs drive Singapore luxury home sales as broader market cools

    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