Singapore EV accelerator pitches carbon credits programme to ComfortDelGro, SMRT

SINGAPORE-based carbon project developer CRX CarbonBank is working on striking deals with the country’s major transportation companies, including ComfortDelGro and SMRT, after successfully registering its project with Verra on Sep 29.

The green light from Verra, which is the world’s largest carbon credit certifier, means the project can start issuing credits whenever partner electric vehicles (EVs) utilise charging points involved with the project’s platform, dubbed EV Accelerator, or Eva.

CRX CarbonBank’s chief executive Vinod Kesava told The Business Times (BT) that the company is working through details of selling the carbon credits on a per kilowatt-hour basis to platform participants at a cost equivalent to 0.5 per cent to 1.5 per cent of the price of charging.