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 like Singapore, which is too small to host any significant emissions reductions projects nor be a large buyer of carbon credits? In this episode, environment correspondent Audrey Tan and climate change editor David Fogarty speak with Ms Elizabeth Beall, climate and sustainability practice lead at advisory firm Global Counsel, on the role of the private sector in international carbon markets and how Singapore is poised to be a leader in carbon services.  Highlights (click/tap above): 04:13 What do corporations that buy offsets stand to gain beyond claiming credit for sustainability efforts? 06:08 How will the COP26 outcome on carbon markets change the corporate appetite for carbon credits? 09:23 Will the private sector see greater governmental intervention in voluntary carbon markets? 12:23 Singapore aspires to be a carbon services hub. What does this mean? 13:42 What are the changes in the private sector that the recent outcome is expected to spur? Listen to Ep 66: Article 6 - Rise of the carbon markets? - https://omny.fm/shows/green-pulse-1/article-6-rise-of-the-carbon-markets-green-pulse-e Carbon credits explained: https://www.straitstimes.com/world/carbon-copy-tricky-carbon-market-rules-struggle-to-get-off-the-ground Produced by: Audrey Tan ([email protected]), David Fogarty ([email protected]), Ernest Luis and Hadyu Rahim Edited by: Hadyu Rahim Subscribe to Green Pulse Podcast series and rate us on your favourite audio apps: Channel: https://str.sg/JWaf Apple Podcasts: https://str.sg/JWaY Spotify: https://str.sg/JWag Google Podcasts: https://str.sg/J6EV  Website: http://str.sg/stpodcasts Feedback to: [email protected] Follow Audrey Tan on Twitter: https://str.sg/JLMB Read her stories: https://str.sg/JLM2 Follow David Fogarty on Twitter: https://str.sg/JLM6 Read his stories: https://str.sg/JLMu Read ST's Climate Code Red site: https://str.sg/3pSz --- Discover more ST podcast series: Asian Insider Podcast: https://str.sg/JWa7 Health Check Podcast: https://str.sg/JWaN ST Sports Talk Podcast: https://str.sg/JWRE #PopVultures Podcast: https://str.sg/JWad Bookmark This! Podcast: https://str.sg/JWas Lunch With Sumiko Podcast: https://str.sg/J6hQ Discover BT Podcasts: https://bt.sg/pcPL Follow our shows then, if you like short, practical podcasts!See omnystudio.com/listener for privacy information.