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Big tech like Google and Amazon in talks with new carbon offset trading platform in Singapore

Bloomberg
Bloomberg5/28/2021 11:46 AM GMT+08  • 4 min read
Big tech like Google and Amazon in talks with new carbon offset trading platform in Singapore
The technology giants may use Climate Impact X as they strive to meet “ambitious” targets to become net-zero emitters.
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Photo: Bloomberg

Some of the world’s largest tech corporations -- from Google to Microsoft Corp. and Amazon -- are in talks with a new carbon offset trading platform in Singapore that would be among the first to be backed by a public stock exchange.

The technology giants may use Climate Impact X as they strive to meet “ambitious” targets to become net-zero emitters, Herry Cho, Singapore Exchange Ltd.’s head of sustainability and sustainable finance said in an interview. Ride-hailing firm Grab Holdings Inc. has also expressed interest in the trading venue that’s set to be launched this year, she said.

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