Singapore taking steps to build diverse portfolio of carbon credit sources

Singapore has also announced its intention to see its planet-warming emissions reach net zero by 2050. PHOTO: ST FILE
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SINGAPORE - The Republic has started discussions on carbon markets with more than 20 countries, paving the way for the setting up of carbon credit projects that could help the nation meet its climate change targets.

These talks could eventually lay the foundations for Singapore to buy carbon credits from a variety of sources – similar to the nation’s strategy of diversifying imports of food and energy.

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