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Singapore carbon exchange CIX sticks with Cambodian project amid human rights review

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Wong Pei Ting

Wong Pei Ting

Published Mon, Jul 31, 2023 · 05:00 AM
    • Lush forests seen at the Southern Cardamom Redd+ project, which protects 497,000 hectares of tropical rainforest in South-west Cambodia. The project is one of 11 whose credits are included in the Nature X contract.
    • Lush forests seen at the Southern Cardamom Redd+ project, which protects 497,000 hectares of tropical rainforest in South-west Cambodia. The project is one of 11 whose credits are included in the Nature X contract. PHOTO: WONG PEI TING, BT

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    SINGAPORE-BASED carbon exchange Climate Impact X (CIX) is keeping credits from a suspended Cambodian project in its flagship contract, as a standards body reviews the project over human rights allegations.

    In taking a wait-and-see approach, the exchange is being careful to avoid knee-jerk reactions and let the verifier’s review run its course, CIX head of product Tom Enger told The Business Times.

    He said reviews have their merits in granting “20-20 hindsight”, uncovering new information and reassessing baselines, but also that “it is not cool when a project is attacked or rashly assumed to be ‘guilty until proven innocent’”.

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