Debrief: The pros and pitfalls of the trade in carbon credits

A major criticism is that the purchase of carbon credits will allow emitters to continue to release greenhouse gases.
A major criticism is that the purchase of carbon credits will allow emitters to continue to release greenhouse gases.PHOTO: AFP

SINGAPORE - Singapore last week launched a virtual marketplace focusing on the commodity-du-jour: Carbon.

The new Climate Impact X (CIX) aims to be a global exchange and marketplace for "high-quality" carbon credits - which can be bought by firms or governments looking to reduce their emissions.

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