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Issue 36: Singapore reviews offsets; Asean business picks profit first

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Kenneth Lim

Kenneth Lim

Published Fri, Sep 15, 2023 · 02:10 PM
    • The price of front-month futures on Nature-Based Global Emissions Offsets have been falling since their peak in January 2022, and recent critical reports have pummelled an already soft market.
    • The price of front-month futures on Nature-Based Global Emissions Offsets have been falling since their peak in January 2022, and recent critical reports have pummelled an already soft market. ILLUSTRATION: KENNETH LIM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    In this issue: Reports raise questions about the validity of forestry carbon credits, while financial institutions in Asia still prioritise money over climate.

    Singapore

    The onset of offset scepticism

    The voluntary carbon market has been under pressure since January, when investigative news reports argued that more than 90 per cent of rainforest carbon offsets by Verra do not represent genuine carbon reductions.

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