Carbon Frontiers 2025 Episode 3 | Peter Zaman, Partner, HFW Singapore

This episode explores the impact of the US withdrawal from the Paris Agreement on global climate action and the future of carbon markets. Against the backdrop of historical US non-participation in international climate policies, the discussion analyzes the implications of this withdrawal, particularly concerning the feasibility of achieving the 1.5°C target. More significantly, the conversation highlights the insufficient global progress towards emission reduction goals, with current pledges falling far short of what's needed. For instance, the UN Global Stock Take Decision reveals a stark gap between required and projected emission reductions. As the discussion pivoted to the role of the EU, the speakers examined the challenges Europe faces in balancing ambitious climate targets with economic realities and public opinion. The conversation further delves into the crucial need for private sector engagement in funding both mitigation and adaptation efforts, emphasizing the limitations of public funding and the potential of carbon offset markets. Ultimately, the episode underscores the need for a pragmatic approach, acknowledging the limitations of aiming for perfection while emphasizing the urgency of taking meaningful action to address climate change.