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Can Singapore’s carbon hub survive the upset over offsets?
A controversial expose has rocked the carbon credits market but might end up driving greater reform
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The Government regards offsets as one way the nation can meet its net-zero commitments.
ST PHOTO: LIM YAOHUI
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Carbon offsetting is potentially one of the most effective tools against climate change – yet one of the most controversial and misunderstood.
At its simplest, it involves rewarding investors who develop projects that reduce planet-warming greenhouse gas emissions. Companies or individuals wanting to reduce their emissions then buy tradeable carbon offsets from these projects, with each offset representing a tonne of carbon dioxide (CO2) removed from the atmosphere or prevented from being emitted.
