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🌿 Calculus Carbon at WWF Earth Hour Summit 2024 Calculus Carbon had the privilege of attending the WWF Earth Hour Summit 2024 in Singapore, where we gained valuable insights from esteemed speakers and engaging panel discussions. Here's a recap of the key highlights and takeaways from the event: 🎤 Keynote Address by Ms. Jacqueline Poh, Managing Director, Singapore Economic Development Board (EDB): ♦ Ms. Poh emphasized Singapore's vulnerability to climate change despite contributing only 0.1% of global greenhouse gas emissions. ♦ Nature-based Solutions (NBS) were underscored as crucial for meeting climate targets, with an emphasis on protecting forests, peatlands, and mangroves. ♦ EDB's initiatives, including the CAD Trust and support for NBS solutions in Southeast Asia, were highlighted. ♦ The growing presence of carbon services firms in Singapore and opportunities for climate finance development were discussed. ♦ Service providers were encouraged to leverage Singapore's strategic location and partnerships for advancing climate finance. ♦ Foreign carbon traders were reminded of advantageous opportunities through Singapore's Compass visa application. 📑Panel Discussion I: Are we on track to achieve one-third of carbon abatement targets by Nature-based Solutions? ♦ The panel, moderated by Mr. Kamal Prakash Seth of WWF-Singapore, explored the financing gap and challenges in implementing NBS. ♦ Insights from Mr. Boon Heong Ng, Ms. Maya Hari, and Prof. Veera Sekaran shed light on the importance of financing, technological innovation, and community involvement in scaling NBS. ♦ Mr. Ng emphasized the philanthropic efforts of Temasek Foundation in investing in Climate Tech and NBS, citing the example of mangrove conservation in Sumatra. ♦ Challenges such as the valuation of greenery in urban spaces and the need for integrated reduction strategies alongside NBS investments were discussed. The discussion emphasized the importance of tech-led and trust-led solutions for scaling NBS and ensuring verifiability. Overall, the summit provided a platform for insightful discussions on the intersection of climate action and global efforts, inspiring us to continue our commitment to sustainable practices and innovation in tackling climate change. #WWFEarthHourSummit #ClimateAction #NatureBasedSolutions #ClimateAction #AsiaClimateLeadership #ecosperityweek2024 #calculuscarbon #climatechange #netzero #singapore #southeastasia #temasek #carbonmarket #wwfsingapore

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