The Singapore Economic Development Board (EDB) has partnered with TT Foundation Advisors (TTFA), the philanthropy advisory arm of Temasek Trust, to launch a donor-advised fund (DAF) that will mobilise capital from family offices and foundations for projects that generate high-integrity Article 6 carbon credits under EDB’s Carbon Project Development Grant1.
This partnership will enable private capital owners to participate alongside EDB in catalysing high-quality carbon projects, and further boost Singapore’s carbon market development while delivering climate, nature, and community benefits.
Managed by TTFA, the new DAF has been set up to augment EDB’s Carbon Project Development grant, a pool of capital that EDB has committed to catalyse early-stage Article 6 carbon projects. The DAF provides private capital owners with a trusted, structured pathway to co-fund high-quality carbon projects alongside EDB and follow-on financing throughout their lifecycle. It is designed to offer flexibility for interested family offices – allowing contributions from their own DAFs, aligning capital with shared impact goals.
Early-stage carbon projects often face critical funding gaps – particularly at the feasibility-stage, before registration with a recognised standards body. These projects also struggle with limited access to financing, and long-term buyers or offtakers. The new DAF addresses these challenges by accelerating financing in the early stages of carbon project development across Southeast Asia and beyond.
