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SmarterMarkets™
Commodities in Asia Episode 7 | Peter Zaman, Partner, HFW Singapore
Nov 25, 2023
Peter Zaman, Partner at HFW in Singapore specializing in climate finance and the environmental markets, discusses the current state of carbon markets in Asia, the challenges of transitioning to a Paris Agreement framework, the impact of CBAM on the shipping sector, and the expectations for COP 28 in meeting the decarbonization challenge.
54:45
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Quick takeaways
- Acknowledging limitations and working towards feasible solutions is crucial in climate action.
- Restoring buyer demand and addressing challenges is vital to revitalize voluntary carbon markets.
Deep dives
Challenges in Achieving the 1.5 Degree Objective
The podcast discusses the reality that the planet is not ready to meet the 1.5 degree objective due to challenges in sectors like shipping and aviation. The absence of zero-carbon solutions for these sectors hinders progress. While it is necessary to aim for 1.5 degrees, the pragmatic approach should also consider settling for two degrees to avoid setting unrealistic expectations. It is crucial to acknowledge our current limitations and work towards feasible solutions.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode