The Straits Times-May 2

In what marks a big step in climate action, Singapore is set to launch a Climate Impact Exchange, a global exchange and marketplace for carbon credits. The project anchored out of Singapore is a joint effort by DBS Bank, the Singapore Exchange, Standard Chartered and Temasek Holdings. Part of the city-state’s goal to become a leading carbon services and trading hub, it will facilitate the sale of large-scale, high-quality carbon credits through standardized contracts, catering primarily to multinational corporations and institutional investors. It was borne out of the Emerging Stronger Taskforce’s Alliance for Action (AfA) on Sustainability, one of nine industry-led alliances piloting innovative solutions to help Singapore thrive in a post-Covid-19 world.

Read more at: https://www.straitstimes.com/opinion/st-editorial/taking-green-ambitions-here-forward