How do you see carbon trading as a tool for businesses to reduce their greenhouse gas emissions?
Victor Mills, Chief Executive, Singapore International Chamber of Commerce
Carbon trading is a means to an end. It is not an end in itself. It is a way for companies to enable their transition towards eliminating emissions of greenhouse gases over time. This is a critical transition for companies to embark on and achieve in their own best interests.
The transition is the best hope we have to reduce the negative impact of climate change and ensure the survival of the human race and our planet. Carbon trading is not an alternative to embarking on and achieving the transition. It is the means to that important and urgent goal.
Patrick Lee, Cluster CEO, Singapore & ASEAN Markets Standard Chartered Bank
The need to tackle climate change is real but often our efforts to decarbonize are not enough to reverse the damage to our planet. Carbon offsetting should exist as an integral complementary of companies' broader climate strategies to deliver a viable net-zero solution.
By participating in a transparent carbon market, companies can buy quality carbon credits to compensate for hard-to-abate emissions of sell credits to finance nature-based solutions. With the announcement of Climate Impact X, we are one step closer to enabling companies' net-zero goals.