Marex has assembled a consortium of world-class partners to work on a solution concept for carbon offsetting and sequestration. Our belief is that market appetite is high for ultra-high integrity carbon credits, underpinned by transparent, science-based approaches.
Marex Spectron Asia Pte Ltd was awarded the Monetary Authority of Singapore’s Financial Sector Technology and Innovation (FSTI) Proof of Concept (POC) grant on 1-October-2021. The FSTI POC grant provides funding support for experimentation, development, and dissemination of nascent innovative technologies in the financial services sector.
This POC project will determine whether mangrove areas in SE Asia are a viable source of blue carbon credits at scale and whether the latest high-resolution satellite technology can derive biomass estimates at greater levels of accuracy than existing approaches.
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