Business professionals can look forward to a new executive education programme on carbon trading by partners NUS Business School, NUS Centre for Nature-based Climate Solutions (CNCS) and Climate Impact X.
The programme “Climate change and sustainability: Leveraging carbon market initiatives for business” aims to guide organisations on their carbon management strategies. The fully-subscribed inaugural course saw some 30 participants from sectors such as energy, mining, commodities and finance in its debut run in June. The next run is scheduled for 5 to 7 December 2022.
The carbon opportunity
“Companies can use quality carbon credits to complement direct cuts in emissions as part of a holistic and credible high-ambition pathway to net-zero. They are a viable means for the corporate sector to compensate for some of their emissions,” said Mikkel Larsen, CEO, Climate Impact X and Co-Chair of the programme.
Organisations can create social impact through carbon trading. “Carbon credits can help catalyse change by creating a steady flow of additional income for local communities and people, by making impactful projects economically viable sooner and over the long run,” said Larsen.
On the other hand, organisations face pressure from their stakeholders, such as their customers and suppliers, to take action about climate change. “Businesses are now very eager to learn how to respond to the challenges and the new demands of climate change,” Professor Koh Lian Pin, Director, NUS Centre for Nature-based Climate Solutions (CNCS) and Professor of Biological Sciences at NUS Faculty of Science. He is Co-Chair of the programme.
The programme participants felt that they gained valuable insights into the carbon market and climate change. “It is a great way to learn both the technicalities and context of the carbon market landscape, including how it has evolved from the past and how it may change in the future,” said Nicole Mah, Senior Manager, National Climate Change Secretariat.
“It’s highly recommended for anyone interested in exploring the nuances of the carbon market and the challenges humanity faces,” said Daniel Brebner, Senior Manager, Global Energy, Rio Tinto.
The next run of “Climate change and sustainability: Leveraging carbon market initiatives for business” is scheduled for 5 to 7 December 2022. Please visit the programme site for more information.