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Issue 79: Implementing Article 6 carbon credit trading; COP28 finds a path forward

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Kenneth Lim

Kenneth Lim

Published Fri, Dec 15, 2023 · 07:00 PM
    • The Overall Mitigation in Global Emissions mechanism can raise the price of carbon credits and lower the number of credits traded.
    • The Overall Mitigation in Global Emissions mechanism can raise the price of carbon credits and lower the number of credits traded. ILLUSTRATION: KENNETH LIM

    In this issue: Singapore’s first Article 6 implementation deal contains an Overall Mitigation in Global Emissions feature, while a pledge to “transition” away from fossil fuels secures consensus in Dubai.

    Singapore & S-E Asia

    Opening the carbon credit trade route

    Singapore will now be able to use carbon credits generated in another country to meet its emissions reduction targets, following a landmark carbon credits implementation agreement with Papua New Guinea.

    ESG InsightsCarbon MarketsNet zeroCOP28ESG

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