A primer on carbon trading
By buying carbon credits, they can hence offset their own emissions.
Conserving a forest plot saves it from being cut down for carbon-emitting uses, such as for factories. Instead of producing carbon dioxide, the forest will absorb carbon dioxide.
Singapore is launching a new global carbon exchange platform, Climate Impact X (CIX), to help firms go green and boost efforts to establish Singapore as a carbon services and trading hub.
PRODUCED BY: CHARLENE CHUA