Debrief: Carbon trading

Potential and pitfalls in paying to reduce emissions

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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A version of this article appeared in the print edition of The Straits Times on May 27, 2021, with the headline 'Potential and pitfalls in paying to reduce emissions '. Subscribe