Asia Carbon Institute checks on the legitimacy of projects before certifying and registering them with carbon credits. Read more at straitstimes.com.
SINGAPORE - Carbon-intensive industries in Asia such as factories, and construction and petrochemical firms will have more types of carbon credits to offset their pollution with the launch of a new registry based in Singapore.projects that minimise or remove greenhouse gases
Concrete manufactured from carbon capture utilisation technologies would be an example of a technology-based project in urban space. There are currently 20 projects in the pipeline waiting to be certified by ACI, ranging from energy efficiency, GHG avoidance, and blue carbon to nature-based type of projects.
The legitimacy of carbon credits was questioned after an article by The Guardian in January reported that only a handful of rainforest offset credits offered by climate action non-profit organisation Verra had shown a reduction in deforestation, with 94 per cent of projects bringing no benefit to the climate.
Technology could also be harnessed when reviewing a project, said Mr Lo. These could be using Internet of Things sensors that can gather and relay data on GHG emissions, or using artificial intelligence for the initial review of a project.ACI is also applying to become a member of the Climate Action Data Trust, which is a global platform consolidating carbon credit data set up by the International Emissions Trading Association, World Bank and the Singapore Government.
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