: Launch of Government Initiatives to Support the Development of High-Integrity Carbon Markets
MR No.: 044/25
The National Climate Change Secretariat (NCCS), Ministry of Trade and Industry (MTI), Enterprise Singapore (EnterpriseSG) and Monetary Authority of Singapore (MAS) are advancing initiatives to support the development of high-integrity carbon markets. These include (a) the publication of voluntary carbon market (VCM) guidance on how companies can use carbon credits as part of their decarbonisation plans; (b) ongoing discussions with leading corporates in Asia to set up an industry-led buyers’ coalition to aggregate demand for high-quality carbon credits; and (c) the introduction of a new Financial Sector Carbon Market Development Grant to support financial institutions’ participation in carbon markets.
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