The vision is grand, the outcome could be just what the planet needs: investing billions of dollars to save vanishing nature and fight climate change at the same time.
The foundations of such a market already exist. Called the voluntary carbon market, it focuses on the ability of nature to soak up huge amounts of planet-warming carbon dioxide (CO2). Developers of conservation projects earn a return by selling carbon credits to buyers, usually big companies, to help them meet their climate goals.
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