SINGAPORE: Carbon exchange Climate Impact X, known as CIX, said on Thursday it will launch a nature-based standardized contract, whose sale will give buyers credits and proceeds that are intended to be used to help save forests.
NBS credits can be generated through schemes such as planting trees or protecting forests that could be destroyed to make way for development projects if no financial incentive is given to preserve them. Many polluting companies seek to use carbon offsets including NBS credits to compensate for pollution from their operations.
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