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Market for carbon credits shows signs of recovery; Analysts note rising concern among firms to mitigate climate change risks on operations

Dec 29, 2020 - The Straits Times (Singapore)

When Mr Todd Lemons first received the Indonesian government's green light to help set up the 64,000ha Rimba Raya reserve in Central Kalimantan in 2010, a carbon credit would fetch US$10 (S$13) a tonne.

Three years later, after a long tussle with a palm oil company that wanted the land, demand for carbon credits had collapsed to about US$3 a tonne as investors shied away and a long-promised mandatory, or formal, carbon trading market failed to materialise.

The reserve - a US$5 mill...