SmarterMarkets™ Carbon Frontiers 2025 Episode 3 | Peter Zaman, Partner, HFW Singapore
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Feb 22, 2025 
Peter Zaman, a climate change specialist and Partner at HFW Singapore, delves into the fallout from the U.S. withdrawal from the Paris Agreement. He discusses how this decision influences global climate dynamics and emphasizes the urgent need for adaptation strategies. Zaman critiques the slow pace of meaningful climate action and the complexities of carbon offset policies. The conversation also tackles the importance of private sector involvement and innovative funding mechanisms to address climate risks and support sustainable practices.
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US Withdrawal Impact
- The U.S. withdrawal from the Paris Agreement presents a challenge for global climate action.
- Market participants are trying to navigate the path forward after this pullback.
US Climate Policy History
- The U.S. has a history of withdrawing from climate agreements, impacting international carbon markets.
- Despite not ratifying the Kyoto Protocol, the U.S. achieved significant GHG reductions through switching from coal to natural gas.
Challenges to 1.5 Degree Target
- Achieving the 1.5-degree target requires significant global GHG reductions by 2030 and 2035.
- Current pledges are insufficient, and lack of financial support hinders developing countries' energy transition.