Singapore Launches Initiative to Enhance Carbon Offset Opportunities

The Singapore-led initiative, formally known as the “South-East Asia Coastal Restoration Program,” was announced on September 24th in New York. The program focuses on bolstering the protection and restoration of critical marine and coastal habitats across several Southeast Asian nations. The initiative will prioritize strategies aimed at mitigating climate change impacts, including reducing pollution and promoting biodiversity. The program seeks to generate carbon credits through the restoration of ecosystems, offering a sustainable method for carbon offset projects. The goal is to contribute to global efforts to reduce carbon emissions and combat climate change.

Credits: The Straits Times World News