Global Heat Reduction Initiative’s Post

Last week, members of our heat reduction team were in both Singapore and New Delhi attending the Asia Carbon Summit and Asia Climate Summit! Sajini Patel, GHR Methodology Developer, said the Asia Climate Summit “was not only a stage for fostering meaningful collaborations but also a testament to the ambitious strides our sector is making toward a resilient, climate-secure world.” Esther Soh, GHR Senior Growth Manger, attended the Asia Carbon Summit and brought back the following insights: ⭐ Dr. Amy Khor, Senior Minister of State for Sustainability and the Environment, emphasized the necessity of a strong data infrastructure, like the Climate Action Data Trust, to enhance trust in the mitigation value chain.  ⭐Kyle Harrison from BloombergNEF shared about the rising demand for VCM credits, which increased by 26% annually from 2016-2021. Sectors like NBS and regenerative agriculture are critical, not only for emissions reductions but also for broader environmental co-benefits. ⭐Hard-to-abate sectors like aviation face significant hurdles in transitioning to sustainable fuels. Zita Schellekens from KLM Royal Dutch Airlines spoke about the high cost and low supply of SAF, while Daniel Ng from Civil Aviation Authority of Singapore brought up the question on how to distribute the cost burden incurred from using SAF between airlines and their customers.     Next up, our team is headed to San Jose, California to attend #VERGE24 this week – we'll have a panel tomorrow, October 29, and an exhibiting booth. See you there! Singapore International Energy Week (SIEW) IETA #ACS24

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