Investing in Indulgences

Paraguay expects over US$1 billion in Singapore carbon credit investments

Paraguay's government expects investments from Singapore in carbon credit projects to exceed $1 billion, Environment and Sustainable Development Minister Rolando De Barros said on Wednesday, as a delegation from the Asian nation visited Asunción led by Sustainability and Environment Minister Grace Fu Hai Yen, accompanied by 20 business executives.

De Barros said President Santiago Peña received the delegation and expressed confidence that if “all processes of interest with Singapore are completed, more than $1 billion can be generated between both governments,” without specifying a timeline for the investments, EFE reported.

A chap is bound to wonder if Ed Miliband has looked into this. Would it be cheaper and less destructive to replace the entire UK Net Zero policy with bits of paper purchased from Paraguay?