The Business Times
business-time-50
ESG Insights

Issue 125: COP29 carbon deal a potential win for Asia; Singapore’s US$500 million blended finance signal

google-preferred-sourceAdd BT as a preferred source
Kenneth Lim

Kenneth Lim

Published Fri, Nov 15, 2024 · 07:00 PM
    • Asia was the most active market by volume for voluntary carbon credits in 2023, says Ecosystem Marketplace.
    • Asia was the most active market by volume for voluntary carbon credits in 2023, says Ecosystem Marketplace. ILLUSTRATION: KENNETH LIM

    This week in ESG: COP29 strikes quick deal on carbon markets; Singapore pledges US$500 million of concessional capital for climate action

    Carbon credits

    Early deal at COP29

    The 29th edition of the annual United Nations Climate Summit (COP29) in Azerbaijan started with a bang as negotiators agreed to accept the framework for a global carbon credit market.

    ESG InsightsCop29Carbon MarketsCarbon creditssustainable financeESG

    TRENDING NOW

    Developments that are between 40 and 59 years old will need at least 70% of owners to agree to go ahead, down from the current 80%.

    Lower consent hurdle among changes proposed for en bloc sales to spur redevelopment, protect minority owners

    Yeoh Pei Xien is the youngest grandchild of Yeoh Tiong Lay, who founded Malaysian multinational conglomerate YTL Corporation.

    Yeoh Pei Xien: YTL’s third-gen scion with a pastor’s heart

    Grant Wee built Hideaway as a massage-and-bathhouse concept centred on solitude and recovery.

    UOB CEO’s youngest child Grant Wee turns burnout into a wellness business

    The income upgrade has rendered the Philippines “too wealthy” to qualify for the concessional foreign aid and development loans.

    Philippines’ income upgrade hides grim reality for most Filipinos

    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