Sustaintech Xcelerator, a six-month global virtual accelerator, will support climate innovators developing solutions to support nature-based ones through improved monitoring and verification of their environmental, social, and economic impact.
DBS, Google, the Centre for Nature-based Climate Solutions at the National University of Singapore (NUS), Temasek and the World Bank have launched the Sustaintech Xcelerator to increase confidence in carbon credits from nature-based solutions.
Nature-based solutions are actions that leverage the power of nature to combat social and environmental challenges such as protecting and restoring ecosystems like forests. They also play a critical role in absorbing carbon dioxide emissions and their development is key to achieving the targets set out in the Paris Agreement to limit global temperatures from rising past 1.5 degrees celcius above pre-industrial levels.
