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S1E74: Climate dictionary: What is the voluntary carbon market? - Green Pulse
Synopsis: Every first and third Monday of the month, The Straits Times analyses the beat of the changing environment, from biodiversity conservation to climate change.
In March, a digital platform that allows businesses to buy and sell carbon credits was launched by Singapore-based carbon exchange and marketplace Climate Impact X (CIX). This development comes amid growing interest in carbon credits from companies looking to reduce their carbon footprint.
By buying one carbon credit from elsewhere, emitters can offset one tonne of greenhouse gas emissions from their total emissions. But will…
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