JAKARTA - An Indonesian carbon project developer that recently tied up with Singapore-based AirCarbon Exchange is aiming to spend US$100 million (S$136 million) over the next two years to replant mangroves, reduce deforestation and work with villages to cut greenhouse gas emissions.
The idea is to invest in a number of nature-based projects that will improve the environment and soak up carbon dioxide (CO2) from the air, while earning a return.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you