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05 Nov 2021 Updated 08 Nov 2021

Singapore is well-positioned to become a Carbon Services and Trading Hub for Southeast Asia and the Asia Pacific, study shows

MR No.: 084/21

A study has found that as the world transits to a low-carbon future, Singapore is well placed to support the climate goals of corporates and governments globally. Conducted by South Pole, Vivid Economics, and Engeco, the study found that Singapore’s advantages, such as its existing ecosystem of carbon services, hub position for green finance and commodity trading, and proximity to Asia, will strengthen its effectiveness in offering carbon management services to companies globally. It also affirmed Singapore’s ongoing efforts to develop its ecosystem of carbon services as set out in the Singapore Green Plan 2030.

The “Study of Singapore as a Carbon Services Hub” was jointly commissioned by the Singapore Economic Development Board (EDB) and Enterprise Singapore (ESG) to assess the role that Singapore can play to provide services for a low-carbon future and provide considerations to develop Singapore as a go-to location for carbon services.

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