Singapore Strengthens Efforts to Build High-Integrity Carbon Markets

The Singapore Government has launched a suite of new initiatives to strengthen the development of high-integrity carbon markets, reinforcing the nation’s commitment to support credible and transparent climate action. These efforts, led by the National Climate Change Secretariat (NCCS), Ministry of Trade and Industry (MTI), Enterprise Singapore (EnterpriseSG), and the Monetary Authority of Singapore (MAS), aim to catalyse demand for high-quality carbon credits and enhance market capabilities across the value chain.

The key initiatives include:

• Voluntary Carbon Market (VCM) Guidance – a national framework that helps companies integrate the use of carbon credits into credible decarbonisation plans.

• Industry-Led Buyers’ Coalition – an upcoming platform to aggregate regional demand for high-integrity carbon credits across Asia.

• Financial Sector Carbon Market Development Grant – a S$15 million programme to build capabilities among financial institutions and support innovative carbon market solutions.

These measures will strengthen Singapore’s position as a trusted carbon services and trading hub, mobilising capital for verified climate action while ensuring environmental integrity and transparency.

Blue Star Tech’s Perspective

At Blue Star Tech, we welcome these national initiatives as a crucial step toward advancing the credibility and scalability of carbon markets in Asia.
As a one-stop carbon-neutral technology service provider, we are committed to supporting enterprises and industrial partners in developing verifiable carbon projects, conducting greenhouse gas verifications, and integrating high-integrity carbon credits into their net-zero strategies.

We look forward to contributing our technical expertise and regional experience to Singapore’s growing ecosystem for sustainable finance and carbon market innovation.