Further down the line, ACCE hopes to encourage the adoption of green shipping fuels, explore carbon capture and storage (CCS) technologies and support the implementation of carbon pricing instruments, such as the EU carbon border adjustment mechanisms (CBAM).
Swiss carbon finance consultancy South Pole has partnered GenZero to launch the Asia Centre of Carbon Excellence (ACCE) in Singapore. Supported by the Singapore Economic Development Board (EDB), ACCE will focus on novel projects in the region.
In the near term, these projects include the early decommissioning of coal-fired power plants (CFPPs), fostering the development of green hydrogen and green ammonia and helping governments and businesses understand the compliance carbon markets.
