In its race to be the first country to sell carbon credits under a new Paris Agreement scheme, Suriname has set a price of US$30 per credit in a bid to raise US$144mil, the country’s environment minister has told Reuters.
Over the last year, we have seen the rollout of sustainability policies and strategies by the Malaysian government, including the New Energy Transition Roadmap (NETR).
Bursa Malaysia and the government are urging more participation of corporates in the Bursa Carbon Exchange (BCX), encouraging a collective effort to amplify BCX’s positive influence on sustainability.
Singapore’s central bank released a proposal on the issuance of novel carbon credits tied to the phase out of coal-fired power plants (CFPPs), a move to ramp up financing for energy transition projects in Asia.
The US$2bil (RM9.2bil) market for carbon offsets is heading for a massive reset, as a growing number of sovereign governments announce their intention to tax, regulate or restrict trade in credits generated within their borders.