Media Coverage

Media Coverage

The Straits Times
| Singapore studying option for emitters to buy international offsets

Marissa Lee, a senior associate at consultancy Global Counsel, which advises firms on climate and sustainability policy, said doing so forces organisations and consumers to consider the cost of pollution and environmental harm in their decision-making.

"As for how effective a carbon tax will be in changing behaviours, that depends on how the carbon price is set," she added.

"If the carbon price is set too low, businesses will not be motivated to improve their energy efficiency or invest in changes that would hit their immediate bottom line."

Global Counsel's Ms Lee said the Article 6 rules clearly demonstrate that parties to the Paris Agreement are concerned about how to avoid double-counting emissions reductions. "This sets an expectation for standard-setting bodies to clarify which credits have been issued with a corresponding adjustment and which have not in the voluntary carbon markets," she added.

Read more

| Podcast: The Story Of The TRIPS Waiver

Peter Mandelson, Chairman of Global Counsel, appeared on the new Geneva Health Files podcast, talking about the TRIPS Waiver in his October interview with Ngozi Okonjo-Iweala, Director General of the World Trade Organization.
 

Read more

The Straits Times
| Why the outcomes of the Glasgow climate talks are key for Singapore

Ms Elizabeth Beall, climate and sustainability practice lead at advisory firm Global Counsel, said that prior to the COP26 outcome, there had been no clarity on the rules around carbon trading to meet countries' commitments.

"That meant that countries - and the business and investors operating within their jurisdictions - haven't had enough certainty to start fully investing in this area," she said.
 

Read more

Politico
| City presses for more concessions in UK regulatory reform

"The silence on a strengthened accountability regime is likely to be seen by industry as an omission," said Rebecca Park, senior practice lead for financial services at the consultancy Global Counsel. "With limited appetite from firms to bring forward judicial review, this remains an issue that still needs to be addressed."

Read more

The Banker
| New board to bring ‘welcome’ consolidation of ESG standards

Felicity Hall, senior associate at Global Counsel, a strategic advisory business, explains: “The whole point of the ISSB is to act as a unifying body, bringing together best practice from the various ESG standard-setters and frameworks already in existence. In terms of driving consensus on what is currently an extremely fragmented issue, the work of the ISSB is likely to be crucial. With the right level of ambition, and appropriate consideration of the expertise we have already developed, the ISSB could finally answer a long overdue call from both corporates and investors for harmony in ESG reporting.”

Read more