AsiaOne’s EarthOne: A Fresh Look at Climate Action
AsiaOne has rolled out EarthOne, a brand‑new section devoted to the planet’s pressing matters. It’s all about celebrating our love for Earth and backing it with solid science.
Singapore’s Green Gambit: A Carbon‑Credit Marketplace on the Horizon
- Who’s Behind It: DBS, Standard Chartered, the Singapore Exchange, and state‑backed Temasek are teaming up to bring a global, fine‑quality carbon‑credit exchange to the Lion City by the end of 2021.
- Why It Matters: Companies are feeling the heat to cut emissions and need ways to offset the ones that can’t be eliminated outright.
- Market Momentum: A voluntary carbon market task force last year warned the industry must \u01b9x15 to hit about 2 billion tonnes of credits per year by 2030. Fresh trading tools are essential to keep the Paris climate promise on track.
- Meet Climate Impact X (CIX): This proposed Singapore‑based platform is the brainchild of the four partners and is slated to launch before the calendar flips.
- Why Singapore?: The Monetary Authority of Singapore’s Ravi Menon highlighted the city’s reputation as a finance hub and its robust regulations—prime ingredients for a successful market.
With EarthOne and CIX’s upcoming launch, AsiaOne is not just reporting the news—it’s putting the planet fronty and center. Time to roll up our sleeves and make some green waves!
CIX: A Fresh Take on Carbon Creditting
“CIX is a promising solution to the fragmentation problem plaguing our carbon credit markets,” the CEO said, flagging a vision that could finally end the paper‑thin liquidity and dubious quality that have plagued trades for years.
How CIX Makes it All About Trust
- Satellite eyes on every project keep the record exact.
- Blockchain slickness guarantees each credit is real, not just a tidy rumor.
- Transparency? Check. Integrity? Double‑check. Quality? Overtime, we’ll keep improving.
“Even though we have international markets, the best trade spots are the ones closest to the source,” Andrew Koscharsky, chief commercial officer at iSwitch, said during a Reuters interview. “This exchange will double down on transparency and liquidity for everyone involved.”
First Priority: Nature‑Powering Trade
The launch will zero in on “natural climate solutions”—think forest reigns, wetland guardianship, and mangrove warriors. By partnering with Southeast Asia’s green champions, CIX hopes to source top‑tier offset credits from projects that truly matter.
Why the Bosses Are Buzzed
Piyush Gupta, CEO of DBS, boasts that the next decade’s booming net‑zero pledges carve out a multi‑billion‑dollar buffet for carbon trading. “We’re building an entire new asset class—what a time to be alive!” he chuckled.
CIX also adds an international advisory council. This mix of NGOs, corporate visionaries, and on‑the‑ground pros will keep the platform on its toes and aligned with real‑world needs.
Some Skeptics’ Take
Carbon offsets face criticism: they let emitters keep puffing out greenhouse gases while buying a “license to roam.” Critics argue it’s a loophole in the big green agenda.
In contrast, compliance markets and cap‑and‑trade schemes, backed by law and fixed budgets, create a true “bidding war” for the real allowance counts. CIX’s aim? Bridge the gap—to bring transparency, higher quality, and more liquidity into the voluntary arena while staying firmly in line with the hard‑lawed frameworks.
With backing from Temasek Holdings and DBS and a clear focus on environmental issues, CIX is poised to become the new flagship for carbon credit trading. The next step? Let’s get those credits rolling and the green engines humming!
