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S1E67: Private sector's role in international carbon markets: Green Pulse Ep 67
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.
A set of rules on carbon markets was agreed on at the COP26 climate summit in Glasgow in November, allowing countries to cooperate with one another to achieve their climate targets. Instead of focusing solely on reducing emissions within their own borders, countries now have the option of buying carbon credits generated elsewhere to offset their emissions. But what would this all mean for the private sector, and for countries…
The skinny
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