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2021-05-28

Great news for sustainability

Big Tech Drawn to Singapore’s New Carbon Offset Trading Market

2021-05-24

Time to buy????

Bitcoin Bounces Back Above $37,000 After Weekend Selloff

2021-05-24

Wow

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2021-05-24

Medical..

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Go to Tiger App to see more news

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news for sustainability&nbsp;","listText":"Great news for sustainability&nbsp;","text":"Great news for sustainability","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/135457410","repostId":"2138177300","repostType":4,"repost":{"id":"2138177300","pubTimestamp":1622172708,"share":"https://www.laohu8.com/m/news/2138177300?lang=&edition=full","pubTime":"2021-05-28 11:31","market":"us","language":"en","title":"Big Tech Drawn to Singapore’s New Carbon Offset Trading Market","url":"https://stock-news.laohu8.com/highlight/detail?id=2138177300","media":"Bloomberg","summary":"(Bloomberg) -- Some of the world’s largest tech corporations -- from Google to Microsoft Corp. and A","content":"<p>(Bloomberg) -- Some of the world’s largest tech corporations -- from Google to Microsoft Corp. and Amazon -- are in talks with a new carbon offset trading platform in Singapore that would be among the first to be backed by a public stock exchange.</p><p>The technology giants may use Climate Impact X as they strive to meet “ambitious” targets to become net-zero emitters, Herry Cho, Singapore Exchange Ltd.’s head of sustainability and sustainable finance said in an interview. Ride-hailing firm Grab Holdings Inc. has also expressed interest in the trading venue that’s set to be launched this year, she said.</p><p>Companies with net-zero or even net-negative ambitions are quickly realizing that “negotiating <a href=\"https://laohu8.com/S/AONE\">one</a>-on-<a href=\"https://laohu8.com/S/AONE.U\">one</a> with their small sustainability teams” to find the best projects “is completely unrealistic and is draining their manpower,” Cho said.</p><p>Microsoft and Google declined to comment, while Amazon.com Inc. didn’t respond to a request for comment.</p><p><b>Grab Support</b></p><p>Singapore-based Grab said the company supports carbon offset programs that reduce emissions and provide economic uplift to communities.</p><p>“Having greater transparency and assurance will help us achieve that promise to our consumers and key stakeholders,” a spokesperson said. “We look forward to more details when CIX is launched.”</p><p>Private companies are coming under increasing pressure to reduce their carbon footprint to support goals under the Paris Agreement, and are looking for ways to cancel greenhouse gas emissions that can’t immediately be slashed. 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The new platform is also backed by Singapore investor Temasek Holdings Pte., along with commercial banks Standard Chartered Plc and DBS Group Holdings Ltd.</p><p><b>Verify Projects</b></p><p>Climate Impact X will create a rating system for participants based on existing sustainability gauges such as the Gold Standard and will also use satellites, artificial intelligence and blockchain technology to verify the integrity of projects. The aim is to trade products such as futures and other derivatives on the exchange, said Lee Beng Hong, SGX’s head of fixed income, currencies and commodities.</p><p>The platform will operate at the scale of a startup initially, and is hiring at least 20 people across areas such as tech, operations, legal and sales. SGX is helping the Climate Impact X management “set up the exchange’s infrastructure and marketplace” together with the other partners, Lee added.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Big Tech Drawn to Singapore’s New Carbon Offset Trading Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBig Tech Drawn to Singapore’s New Carbon Offset Trading Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-28 11:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-05-28/big-tech-drawn-to-singapore-s-new-carbon-offset-trading-market?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Some of the world’s largest tech corporations -- from Google to Microsoft Corp. and Amazon -- are in talks with a new carbon offset trading platform in Singapore that would be among the...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-05-28/big-tech-drawn-to-singapore-s-new-carbon-offset-trading-market?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NGD":"New Gold","GOOG":"谷歌","GOOGL":"谷歌A","MSFT":"微软"},"source_url":"https://www.bloomberg.com/news/articles/2021-05-28/big-tech-drawn-to-singapore-s-new-carbon-offset-trading-market?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2138177300","content_text":"(Bloomberg) -- Some of the world’s largest tech corporations -- from Google to Microsoft Corp. and Amazon -- are in talks with a new carbon offset trading platform in Singapore that would be among the first to be backed by a public stock exchange.The technology giants may use Climate Impact X as they strive to meet “ambitious” targets to become net-zero emitters, Herry Cho, Singapore Exchange Ltd.’s head of sustainability and sustainable finance said in an interview. Ride-hailing firm Grab Holdings Inc. has also expressed interest in the trading venue that’s set to be launched this year, she said.Companies with net-zero or even net-negative ambitions are quickly realizing that “negotiating one-on-one with their small sustainability teams” to find the best projects “is completely unrealistic and is draining their manpower,” Cho said.Microsoft and Google declined to comment, while Amazon.com Inc. didn’t respond to a request for comment.Grab SupportSingapore-based Grab said the company supports carbon offset programs that reduce emissions and provide economic uplift to communities.“Having greater transparency and assurance will help us achieve that promise to our consumers and key stakeholders,” a spokesperson said. “We look forward to more details when CIX is launched.”Private companies are coming under increasing pressure to reduce their carbon footprint to support goals under the Paris Agreement, and are looking for ways to cancel greenhouse gas emissions that can’t immediately be slashed. Singapore last week announced a pilot project to encourage more companies to buy certificates for offsets, even as quality control remains a concern globally.Climate experts have warned that validating cheap offsets that don’t actually remove carbon dioxide could give companies a way to claim they’re carbon free without undertaking costly work to reduce planet-warming emissions -- resulting in greater pollution overall. Even respected environmental groups like the Nature Conservancy have come under fire for selling offsets that protect forests no longer in danger of being torn down.Several private markets have emerged to trade carbon credits, such as the Carbon Trade Exchange in London, though Singapore is among the first to offer trading of carbon offsets backed by a public bourse. Unlike carbon credits, which give the holder the right to emit carbon, carbon offsets are projects -- from forests to solar power -- that counterbalance the use of fossil fuels.While not among the world’s biggest carbon emitters, tech companies have a sizable footprint thanks to energy-intensive data centers. As of April, of the 10 largest U.S. companies by market value, only four had announced plans to reduce emissions to net zero by 2050 -- all of them tech firms.Google last year said its net carbon footprint over its lifetime was zero, while Microsoft aims to be carbon negative by 2030. Large corporations are mostly worried about the quality and scale of their offsets and projects they back, Cho said.Climate Impact X will host an exchange for carbon offsets trading as well as a marketplace of nature conservancy projects such as forests, wetlands or mangroves that companies can support. The new platform is also backed by Singapore investor Temasek Holdings Pte., along with commercial banks Standard Chartered Plc and DBS Group Holdings Ltd.Verify ProjectsClimate Impact X will create a rating system for participants based on existing sustainability gauges such as the Gold Standard and will also use satellites, artificial intelligence and blockchain technology to verify the integrity of projects. The aim is to trade products such as futures and other derivatives on the exchange, said Lee Beng Hong, SGX’s head of fixed income, currencies and commodities.The platform will operate at the scale of a startup initially, and is hiring at least 20 people across areas such as tech, operations, legal and sales. SGX is helping the Climate Impact X management “set up the exchange’s infrastructure and marketplace” together with the other partners, Lee added.","news_type":1},"isVote":1,"tweetType":1,"viewCount":433,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":131541292,"gmtCreate":1621869559116,"gmtModify":1704363652357,"author":{"id":"3584825107304190","authorId":"3584825107304190","name":"noobea","avatar":"https://static.tigerbbs.com/f3e556920da5d09ffe5c4c7ff94a0319","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Time to buy????&nbsp;","listText":"Time to buy????&nbsp;","text":"Time to buy????","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/131541292","repostId":"1164009514","repostType":4,"repost":{"id":"1164009514","pubTimestamp":1621859606,"share":"https://www.laohu8.com/m/news/1164009514?lang=&edition=full","pubTime":"2021-05-24 20:33","market":"other","language":"en","title":"Bitcoin Bounces Back Above $37,000 After Weekend Selloff","url":"https://stock-news.laohu8.com/highlight/detail?id=1164009514","media":"Bloomberg","summary":"(Bloomberg) -- Bitcoin rebounded from its roller-coaster weekend, with prices on track for the bigge","content":"<p>(Bloomberg) -- Bitcoin rebounded from its roller-coaster weekend, with prices on track for the biggest gain in more than three months.</p><p>The world’s largest cryptocurrency was trading 12% higher around $37,800 as of 7:37 a.m. in New York. Digital currencies have been gripped by volatility in the past two weeks, with Bitcoin prices plunging as much as 18% on Sunday.</p><p>Traders may be feeling more positive as the crypto industry prepares for one of its biggest conferences of the year. The event, called Consensus by CoinDesk brings together executives, including Grayscale Investments chief Michael Sonnenshein and Binance Holdings Ltd. CEO Changpeng Zhao, for their views on everything from crypto asset management to decentralized finance.</p><p>Investing executives and policymakers, such as Bridgewater Associates LP Founder Ray Dalio and Federal Reserve Governor Lael Brainard, are also slated to speak.</p><p>“Love or hate it, Bitcoin is impacting markets,” said Amy Wu Silverman, equity derivatives strategist at RBC Capital Markets, in a note Sunday. “What is Bitcoin—a currency? A 1-for-1 manifestation of Elon Musk’s thoughts? A ‘factor’ of momo+meme+speculation+angry Gen Z’s? Like a tween Justin Bieber, you don’t know what Bitcoin will be yet -- but you have a feeling it will be big.”</p><p>Ether, the second-largest token, also rebounded on Monday, jumping 14% to about $2,300.</p><p>The extreme volatility of late has prompted analysts to try guessing the outlook for digital currencies, with a JPMorgan Chase &amp; Co. team saying it’s premature to call the end of the Bitcoin selloff. Goldman Sachs Group Inc. signaled that extreme swings hamper crypto’s appeal for institutional investors.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Bounces Back Above $37,000 After Weekend Selloff</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Bounces Back Above $37,000 After Weekend Selloff\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-24 20:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/bitcoin-bounces-back-above-37-120715542.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Bitcoin rebounded from its roller-coaster weekend, with prices on track for the biggest gain in more than three months.The world’s largest cryptocurrency was trading 12% higher around $...</p>\n\n<a href=\"https://finance.yahoo.com/news/bitcoin-bounces-back-above-37-120715542.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/bitcoin-bounces-back-above-37-120715542.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164009514","content_text":"(Bloomberg) -- Bitcoin rebounded from its roller-coaster weekend, with prices on track for the biggest gain in more than three months.The world’s largest cryptocurrency was trading 12% higher around $37,800 as of 7:37 a.m. in New York. Digital currencies have been gripped by volatility in the past two weeks, with Bitcoin prices plunging as much as 18% on Sunday.Traders may be feeling more positive as the crypto industry prepares for one of its biggest conferences of the year. The event, called Consensus by CoinDesk brings together executives, including Grayscale Investments chief Michael Sonnenshein and Binance Holdings Ltd. CEO Changpeng Zhao, for their views on everything from crypto asset management to decentralized finance.Investing executives and policymakers, such as Bridgewater Associates LP Founder Ray Dalio and Federal Reserve Governor Lael Brainard, are also slated to speak.“Love or hate it, Bitcoin is impacting markets,” said Amy Wu Silverman, equity derivatives strategist at RBC Capital Markets, in a note Sunday. “What is Bitcoin—a currency? A 1-for-1 manifestation of Elon Musk’s thoughts? A ‘factor’ of momo+meme+speculation+angry Gen Z’s? Like a tween Justin Bieber, you don’t know what Bitcoin will be yet -- but you have a feeling it will be big.”Ether, the second-largest token, also rebounded on Monday, jumping 14% to about $2,300.The extreme volatility of late has prompted analysts to try guessing the outlook for digital currencies, with a JPMorgan Chase & Co. team saying it’s premature to call the end of the Bitcoin selloff. Goldman Sachs Group Inc. signaled that extreme swings hamper crypto’s appeal for institutional investors.","news_type":1},"isVote":1,"tweetType":1,"viewCount":477,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":131543282,"gmtCreate":1621869514446,"gmtModify":1704363651227,"author":{"id":"3584825107304190","authorId":"3584825107304190","name":"noobea","avatar":"https://static.tigerbbs.com/f3e556920da5d09ffe5c4c7ff94a0319","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/131543282","repostId":"1113349208","repostType":4,"isVote":1,"tweetType":1,"viewCount":286,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":131549083,"gmtCreate":1621869418042,"gmtModify":1704363648312,"author":{"id":"3584825107304190","authorId":"3584825107304190","name":"noobea","avatar":"https://static.tigerbbs.com/f3e556920da5d09ffe5c4c7ff94a0319","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Medical..&nbsp;","listText":"Medical..&nbsp;","text":"Medical..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/131549083","repostId":"2137153015","repostType":4,"isVote":1,"tweetType":1,"viewCount":192,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":131543282,"gmtCreate":1621869514446,"gmtModify":1704363651227,"author":{"id":"3584825107304190","authorId":"3584825107304190","name":"noobea","avatar":"https://static.tigerbbs.com/f3e556920da5d09ffe5c4c7ff94a0319","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/131543282","repostId":"1113349208","repostType":4,"isVote":1,"tweetType":1,"viewCount":286,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":135457410,"gmtCreate":1622179027730,"gmtModify":1704180984220,"author":{"id":"3584825107304190","authorId":"3584825107304190","name":"noobea","avatar":"https://static.tigerbbs.com/f3e556920da5d09ffe5c4c7ff94a0319","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Great news for sustainability&nbsp;","listText":"Great news for sustainability&nbsp;","text":"Great news for sustainability","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/135457410","repostId":"2138177300","repostType":4,"repost":{"id":"2138177300","pubTimestamp":1622172708,"share":"https://www.laohu8.com/m/news/2138177300?lang=&edition=full","pubTime":"2021-05-28 11:31","market":"us","language":"en","title":"Big Tech Drawn to Singapore’s New Carbon Offset Trading Market","url":"https://stock-news.laohu8.com/highlight/detail?id=2138177300","media":"Bloomberg","summary":"(Bloomberg) -- Some of the world’s largest tech corporations -- from Google to Microsoft Corp. and A","content":"<p>(Bloomberg) -- Some of the world’s largest tech corporations -- from Google to Microsoft Corp. and Amazon -- are in talks with a new carbon offset trading platform in Singapore that would be among the first to be backed by a public stock exchange.</p><p>The technology giants may use Climate Impact X as they strive to meet “ambitious” targets to become net-zero emitters, Herry Cho, Singapore Exchange Ltd.’s head of sustainability and sustainable finance said in an interview. Ride-hailing firm Grab Holdings Inc. has also expressed interest in the trading venue that’s set to be launched this year, she said.</p><p>Companies with net-zero or even net-negative ambitions are quickly realizing that “negotiating <a href=\"https://laohu8.com/S/AONE\">one</a>-on-<a href=\"https://laohu8.com/S/AONE.U\">one</a> with their small sustainability teams” to find the best projects “is completely unrealistic and is draining their manpower,” Cho said.</p><p>Microsoft and Google declined to comment, while Amazon.com Inc. didn’t respond to a request for comment.</p><p><b>Grab Support</b></p><p>Singapore-based Grab said the company supports carbon offset programs that reduce emissions and provide economic uplift to communities.</p><p>“Having greater transparency and assurance will help us achieve that promise to our consumers and key stakeholders,” a spokesperson said. “We look forward to more details when CIX is launched.”</p><p>Private companies are coming under increasing pressure to reduce their carbon footprint to support goals under the Paris Agreement, and are looking for ways to cancel greenhouse gas emissions that can’t immediately be slashed. Singapore last week announced a pilot project to encourage more companies to buy certificates for offsets, even as quality control remains a concern globally.</p><p>Climate experts have warned that validating cheap offsets that don’t actually remove carbon dioxide could give companies a way to claim they’re carbon free without undertaking costly work to reduce planet-warming emissions -- resulting in greater pollution overall. Even respected environmental groups like the Nature Conservancy have come under fire for selling offsets that protect forests no longer in danger of being torn down.</p><p>Several private markets have emerged to trade carbon credits, such as the Carbon Trade Exchange in London, though Singapore is among the first to offer trading of carbon offsets backed by a public bourse. Unlike carbon credits, which give the holder the right to emit carbon, carbon offsets are projects -- from forests to solar power -- that counterbalance the use of fossil fuels.</p><p>While not among the world’s biggest carbon emitters, tech companies have a sizable footprint thanks to energy-intensive data centers. As of April, of the 10 largest U.S. companies by market value, only four had announced plans to reduce emissions to net zero by 2050 -- all of them tech firms.</p><p>Google last year said its net carbon footprint over its lifetime was zero, while Microsoft aims to be carbon negative by 2030. Large corporations are mostly worried about the quality and scale of their offsets and projects they back, Cho said.</p><p>Climate Impact X will host an exchange for carbon offsets trading as well as a marketplace of nature conservancy projects such as forests, wetlands or mangroves that companies can support. The new platform is also backed by Singapore investor Temasek Holdings Pte., along with commercial banks Standard Chartered Plc and DBS Group Holdings Ltd.</p><p><b>Verify Projects</b></p><p>Climate Impact X will create a rating system for participants based on existing sustainability gauges such as the Gold Standard and will also use satellites, artificial intelligence and blockchain technology to verify the integrity of projects. The aim is to trade products such as futures and other derivatives on the exchange, said Lee Beng Hong, SGX’s head of fixed income, currencies and commodities.</p><p>The platform will operate at the scale of a startup initially, and is hiring at least 20 people across areas such as tech, operations, legal and sales. SGX is helping the Climate Impact X management “set up the exchange’s infrastructure and marketplace” together with the other partners, Lee added.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Big Tech Drawn to Singapore’s New Carbon Offset Trading Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBig Tech Drawn to Singapore’s New Carbon Offset Trading Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-28 11:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-05-28/big-tech-drawn-to-singapore-s-new-carbon-offset-trading-market?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Some of the world’s largest tech corporations -- from Google to Microsoft Corp. and Amazon -- are in talks with a new carbon offset trading platform in Singapore that would be among the...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-05-28/big-tech-drawn-to-singapore-s-new-carbon-offset-trading-market?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NGD":"New Gold","GOOG":"谷歌","GOOGL":"谷歌A","MSFT":"微软"},"source_url":"https://www.bloomberg.com/news/articles/2021-05-28/big-tech-drawn-to-singapore-s-new-carbon-offset-trading-market?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2138177300","content_text":"(Bloomberg) -- Some of the world’s largest tech corporations -- from Google to Microsoft Corp. and Amazon -- are in talks with a new carbon offset trading platform in Singapore that would be among the first to be backed by a public stock exchange.The technology giants may use Climate Impact X as they strive to meet “ambitious” targets to become net-zero emitters, Herry Cho, Singapore Exchange Ltd.’s head of sustainability and sustainable finance said in an interview. Ride-hailing firm Grab Holdings Inc. has also expressed interest in the trading venue that’s set to be launched this year, she said.Companies with net-zero or even net-negative ambitions are quickly realizing that “negotiating one-on-one with their small sustainability teams” to find the best projects “is completely unrealistic and is draining their manpower,” Cho said.Microsoft and Google declined to comment, while Amazon.com Inc. didn’t respond to a request for comment.Grab SupportSingapore-based Grab said the company supports carbon offset programs that reduce emissions and provide economic uplift to communities.“Having greater transparency and assurance will help us achieve that promise to our consumers and key stakeholders,” a spokesperson said. “We look forward to more details when CIX is launched.”Private companies are coming under increasing pressure to reduce their carbon footprint to support goals under the Paris Agreement, and are looking for ways to cancel greenhouse gas emissions that can’t immediately be slashed. Singapore last week announced a pilot project to encourage more companies to buy certificates for offsets, even as quality control remains a concern globally.Climate experts have warned that validating cheap offsets that don’t actually remove carbon dioxide could give companies a way to claim they’re carbon free without undertaking costly work to reduce planet-warming emissions -- resulting in greater pollution overall. Even respected environmental groups like the Nature Conservancy have come under fire for selling offsets that protect forests no longer in danger of being torn down.Several private markets have emerged to trade carbon credits, such as the Carbon Trade Exchange in London, though Singapore is among the first to offer trading of carbon offsets backed by a public bourse. Unlike carbon credits, which give the holder the right to emit carbon, carbon offsets are projects -- from forests to solar power -- that counterbalance the use of fossil fuels.While not among the world’s biggest carbon emitters, tech companies have a sizable footprint thanks to energy-intensive data centers. As of April, of the 10 largest U.S. companies by market value, only four had announced plans to reduce emissions to net zero by 2050 -- all of them tech firms.Google last year said its net carbon footprint over its lifetime was zero, while Microsoft aims to be carbon negative by 2030. Large corporations are mostly worried about the quality and scale of their offsets and projects they back, Cho said.Climate Impact X will host an exchange for carbon offsets trading as well as a marketplace of nature conservancy projects such as forests, wetlands or mangroves that companies can support. The new platform is also backed by Singapore investor Temasek Holdings Pte., along with commercial banks Standard Chartered Plc and DBS Group Holdings Ltd.Verify ProjectsClimate Impact X will create a rating system for participants based on existing sustainability gauges such as the Gold Standard and will also use satellites, artificial intelligence and blockchain technology to verify the integrity of projects. The aim is to trade products such as futures and other derivatives on the exchange, said Lee Beng Hong, SGX’s head of fixed income, currencies and commodities.The platform will operate at the scale of a startup initially, and is hiring at least 20 people across areas such as tech, operations, legal and sales. SGX is helping the Climate Impact X management “set up the exchange’s infrastructure and marketplace” together with the other partners, Lee added.","news_type":1},"isVote":1,"tweetType":1,"viewCount":433,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":131541292,"gmtCreate":1621869559116,"gmtModify":1704363652357,"author":{"id":"3584825107304190","authorId":"3584825107304190","name":"noobea","avatar":"https://static.tigerbbs.com/f3e556920da5d09ffe5c4c7ff94a0319","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Time to buy????&nbsp;","listText":"Time to buy????&nbsp;","text":"Time to buy????","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/131541292","repostId":"1164009514","repostType":4,"isVote":1,"tweetType":1,"viewCount":477,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":131549083,"gmtCreate":1621869418042,"gmtModify":1704363648312,"author":{"id":"3584825107304190","authorId":"3584825107304190","name":"noobea","avatar":"https://static.tigerbbs.com/f3e556920da5d09ffe5c4c7ff94a0319","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Medical..&nbsp;","listText":"Medical..&nbsp;","text":"Medical..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/131549083","repostId":"2137153015","repostType":4,"isVote":1,"tweetType":1,"viewCount":192,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}