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Singapore’s $1 Billion Carbon Credit Push: A New Path to Net Zero?

Summary by Carbon Credits

Singapore is actively developing its carbon market to become a global hub for carbon trading. A key step in this direction was the country’s first-ever carbon credit auction, which attracted over S$1.3 billion (around $1 billion) in bids. A carbon credit is a certificate representing one tonne of carbon dioxide (CO2) removed from or prevented from entering the atmosphere. Companies and countries can buy these credits to offset their greenhouse g…

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The Fifth Estate

Australia’s carbon market is a good opportunity looking to scale

The Fifth Estate - Australia’s annual traded value of carbon credit units last year topped $1 billion for the first time and the trajectory looks likely to keep trending upwards. But carbon credits have been called into question for credibility and effectiveness, and the reform of the Australian regulatory and market landscape for Australian carbon credit units is a work in progress, Carbon Market Institute has found in a new report. Australia’s…

19 hours ago

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