The pioneering Centre, supported by the Singapore Economic Development Board (EDB), is an investment of more than USD 24 million (SGD 30 million) that will bring end-to-end digital Monitoring, Reporting and Verification (dMRV) capabilities and carbon market expertise to Southeast Asia, helping build the trusted infrastructure needed for high-integrity carbon markets.

Global testing, inspection and certification (TIC) leader TÜV SÜD has launched its new Global Decarbonisation Centre of Excellence (CoE) in Singapore, strengthening the infrastructure needed to advance carbon market integrity and accelerate digital carbon verification. The CoE reinforces Singapore’s role as a regional hub for carbon services and trading, providing a trusted platform from which to scale critical climate solutions across Southeast Asia and beyond.

Supported by EDB, the CoE represents more than USD 24 million (SGD 30 million) in investment. By combining digital MRV capabilities with TÜV SÜD’s internationally recognised validation, verification and assurance expertise, the CoE will develop a pioneering end-to-end dMRV ecosystem to help unlock verification-ready, high-integrity carbon data from Singapore for the region.

Recent estimates suggest that carbon markets in ASEAN could generate up to USD 3 trillion in cumulative opportunity by 2050¹. Yet fragmented regulation, inconsistent methodologies, and challenges in monitoring and verification continue to undermine investor confidence and market participation. Powered by advanced digital technologies and TÜV SÜD's independent assurance expertise, the CoE will provide the trusted infrastructure needed to transform carbon data into credible, verification-ready climate action.

The launch of the CoE coincides with TÜV SÜD PSB’s 20th year in Singapore, a period that has seen the 160-year-old global TIC organisation - now operating in more than 50 countries - support Singapore’s ambitious sustainability, innovation and industrial transformation agenda.

As countries seek to operationalise Article 6 of the Paris Agreement, the need for trusted, interoperable carbon market infrastructure is becoming increasingly global. By combining digital innovation with decades of independent validation and verification expertise, the CoE will help create the robust, transparent infrastructure needed to unlock international carbon cooperation and support the implementation of Article 6.

Specifically, the CoE will support five strategic areas:

• Article 6 implementation and international carbon market regulation readiness;
• Carbon markets and climate assurance including through dMRV;
• Energy transition, alternative fuels and energy security;
• Supply chain integrity and industrial decarbonisation;
• Capacity building and ecosystem development for governments and industry.

Singapore is currently home to approximately 160 carbon services and trading companies, all of which will be able to access the CoE's expertise and services. The CoE will also support the development of new methodologies for nature-based solutions and blue economy projects, helping address an estimated USD 2.1 trillion financing gap through 2030 for the regional blue economy².

The Global Decarbonisation Centre of Excellence will bring together a multidisciplinary team of experts, supporting partners and clients from project design and implementation to compliance, verification and certification.

By 2030, the CoE aims to help enable a more robust carbon market ecosystem, bringing together project developers, dMRV providers, independent verification bodies and carbon registries from across ASEAN on a single digital platform.

¹ Abatable, the ASEAN Alliance on Carbon Markets, & Equatorise (2024). The opportunity for carbon markets in ASEAN.

² OECD (2026), Financing Southeast Asia's Blue Economy: Development Assistance and Beyond, OECD Publishing, Paris, https://doi.org/10.1787/5371e508-en.