Why carbon exchanges keep failing – and how to fix them

AS COUNTRIES and companies prepare for a net-zero future, Singapore as a financial hub has an opportunity to further deepen its carbon markets proposition.

Carbon exchanges and trading desks have been set up regionally, amid expectations of increased demand for carbon credits – both abatement and removal – from firms looking to offset emissions.

Increasingly, carbon dioxide removal (CDR) credits will play an important and credible role to help support technologies such as carbon capture, utilisation and storage (CCUS) and direct air capture (DAC), to remove carbon from the atmosphere.