The Asia Carbon Institute (ACI), a carbon credit certification and registration organization, was established in Singapore on Aug. 29. The non-profit has formulated a voluntary carbon credit standard and will adopt strict validation processes to determine each carbon credit represents a reduction in carbon emissions. The goal is to reach 100 registered projects within a year.
According to ACI, it will focus on the use of advanced carbon reduction and carbon removal projects such as carbon capture and storage (CCUS), and seek cooperation with international and regional standard certification bodies, financial and scientific communities, and emission reduction project developers.
