New facility launched at COP28 to improve regional cooperation on nature-based carbon projects

New facility launched at COP28 to improve regional cooperation on nature-based carbon projects

The Straits Times - Singapore·2023-11-30 18:04

DUBAI – The NUS Decision Theatre, a new scenario-modelling facility to accelerate cooperation on nature-based carbon projects across South-east Asia, has been launched on Nov 30.  

As there are a number of uncertainties surrounding government policies and the future market conditions for nature-based carbon credits, the $1 million facility aims to help policymakers, investors, and carbon project developers to source these credits in an optimal way, or to establish new projects. 

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