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Singapore has issued draft guidance on the use of carbon credits to support corporate decarbonization efforts. The guidelines stress using credits only after all viable emissions reductions and outline principles for high-quality credits, including additionality, permanence, and transparency. Companies are encouraged to manage credit risks and disclose usage.
Researchers from the Centre for Atmospheric Sciences, Indian Institute of Technology (IIT) Delhi used radiation data from global climate models available under the sixth phase of the Coupled Model Intercomparison Project (CMIP6) to analyse the twin impacts of climate change and air pollution on SPV performance. The CMIP6 is a leading group of models that uses different data sets to project the future impacts of climate change under various emission scenarios. The study, using data from 1985 to 2014 as a baseline to predict a change from 2041 to 2050, concludes that SPV’s efficacy may decrease by 3.3% by the middle of the century. Based on current solar power production levels, the study estimates a loss of 600 to 840 gigawatt-hours (GWh) of electricity annually.
*This excerpt is from a news item collated by SIPET as part of its mission to serve as a one-stop platform for information and knowledge exchange about the energy transition in Southeast Asia. For the full news item, click on the link next to 'Further Information' . **Photo credit: Wikimedia Commons