One project takes stock of Singapore's blue carbon and the other is on building coral reef resilience. Read more at straitstimes.com.
SINGAPORE - A study taking stock of the carbon dioxide stored in Singapore’s coastal and marine ecosystems, and another on building coral reef resilience are the first projects which have been awarded grants under a $25 million marine climate research programme.
The first project focuses on accounting for Singapore’s blue carbon, which is the carbon dioxide captured by oceans and coastal ecosystems including mangroves, seagrasses, and salt marshes. Blue carbon sinks are able to remove large amounts of greenhouse gases from the atmosphere at a rate up to 10 times higher than that from terrestrial forests - making them powerhouses in tackling global warming.
“We will be able to explore the possibility of seeing carbon credits creation,” he said, adding that further discussions with government agencies and industry partners are required.
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