Singapore based global energy company, Pavilion Energy has announced a partnership with Japanese climate technology company, Asuene, to support and facilitate energy transition in Singapore and Japan. This will be done through trading of carbon offsets. The partnership is aligned with Singapore’s and Japan’s commitment to achieve net zero targets.
Ong Seng Leong, head of energy financial solutions and environmental solutions of Pavilion Energy, says: ‘We believe in utilising market-based instruments to drive climate action. One of our approaches is in financing high impact carbon projects that deliver verified emission reductions and local sustainable development opportunities. The carbon offsets can form part of the strategy deployed by our corporate customers to accomplish decarbonisation goals. Our strategic partnership with Asuene represents a significant milestone for the company and is a reflection of the growing demand of carbon offsets.’
‘We are excited to collaborate with Pavilion Energy to advance net-zero initiatives and promote sustainable business practices between Japan and Singapore. This partnership will enable Asuzero customers to manage the carbon offsets they have purchased through our system, making it possible to visualize and reduce their CO2 emissions while supporting compensation of unavoidable emissions,’ adds country manager of Asuzero Singapore, Masaaki Hamada.
