Home Views Sustainability

Setting the record straight: Building a credible offset strategy

Malavika Bambawale
Malavika Bambawale11/26/2021 02:04 PM GMT+08  • 6 min read
Setting the record straight: Building a credible offset strategy
How can businesses that are serious and committed to achieving net-zero, use offsetting as a valid strategic tool?
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

The COP26 Summit is now complete, with mixed reactions about its ability to push through a game changing climate deal.

While there may have been several disappointments, one victory claimed was the agreement on Article 6 of the Paris agreement which clarifies rules for the creation of a government led international carbon credits market where Singapore had an important part to play in facilitating the negotiations.

Over the last several years, in the absence of such an international regulated market, voluntary markets have not only filled the vacuum and allowed the private sector to trade carbon credits, but also thrived and grown tremendously — 58% in the last year itself. The new development from COP26 brings good news to these voluntary markets, as it helps legitimise these efforts and increase the scrutiny on the quality of offsets. Voluntary markets will likely align with these regulations overtime, and this will help accelerate decarbonization by bringing much needed quality and scale to carbon offsets projects.

Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.