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 this promote greenwashing among corporations? And how effective are carbon projects at removing carbon from the atmosphere? In this episode, The Straits Times environment correspondent Audrey Tan and climate change editor David Fogarty discuss the voluntary carbon market with Mr Mikkel Larsen, the chief executive of Climate Impact X (CIX) - a Singapore-based carbon exchange and marketplace. Highlights (click/tap above): 01:37 Who is buying carbon credits?  02:49 How carbon credits from nature-based projects benefit the global environment?  7:38 Can the supply of carbon credits catch up with demand?  10:40 Are emissions reductions from carbon credits reliable?  14:00 How can platforms like CIX’s help to prevent corporate greenwashing? Produced by: Audrey Tan ([email protected]), David Fogarty ([email protected]), Ernest Luis, Hadyu Rahim and Eden Soh 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 --- Discover ST's special edition podcasts: Singapore's War On Covid: https://str.sg/wuJa The Unsolved Mysteries of South-east Asia: https://str.sg/wuZ2 Stop Scams: https://str.sg/wuZB Invisible Asia: https://str.sg/wuZn --- Discover more ST podcast series: Asian Insider: https://str.sg/JWa7 Health Check: https://str.sg/JWaN In Your Opinion: https://str.sg/w7Qt Your Money & Career: https://str.sg/wB2m #PopVultures: https://str.sg/JWad ST Sports Talk: https://str.sg/JWRE Bookmark This!: https://str.sg/JWas Lunch With Sumiko: https://str.sg/J6hQ Discover BT Podcasts: https://bt.sg/pcPL Follow our shows then, if you like short, practical podcasts! #greenpulseSee omnystudio.com/listener for privacy information.