DBS, SGX, Standard Chartered and Temasek to take climate action through global carbon exchange and marketplace
News provided by
Share this article
Share this article
DBS, SGX, Standard Chartered and Temasek to develop a carbon exchange and marketplace, Climate Impact X; providing organisations with high-quality carbon credits to address hard-to-abate emissions
Climate Impact X will use satellite monitoring, machine learning and blockchain technology to enhance transparency, integrity and quality of carbon credits
Forged as a result of Singapore's Emerging Stronger Taskforce, Sustainability Alliance for Action (AfA), Climate Impact X will leverage Singapore's position as a leading international financial, legal and commodities hub