"We welcome the Integrity Council’s decision to establish their first overseas presence with an Asia-Pacific Hub in Singapore. This reinforces Singapore as a regional centre and lighthouse for carbon services and trading. As the independent governance body in establishing and maintaining global standards for the voluntary carbon market, ICVCM plays a critical role in building market confidence through their Core Carbon Principles. Their efforts in fostering high integrity carbon projects in areas such as transition credits and agriculture will help scale high-quality carbon credits across Asia and drive the region’s low-carbon future."

"Singapore supports the use of high integrity carbon credits to meet our Nationally Determined Contribution under the Paris Agreement. The Paris Agreement allows countries to cooperate in carbon markets to raise their collective climate ambition, channel investment into realising additional mitigation outcomes, and generate sustainable development co-benefits for local communities. We will work with the Integrity Council’s Asia Pacific Hub to align our efforts in creating high integrity carbon markets in the region and beyond, including through our collaboration with the Integrity Council on the Coalition to Grow Carbon Markets."

"The launch of our first overseas office is an exciting next step in a dynamic region where the economic opportunities of energy transition and resilience are well understood and supported by governments. The Core Carbon Principles support action on mitigation by corporates and unlock private capital for that resilient economic growth. The Asia Pacific Hub and our partnership with the NCCS will enable us to work even more closely with policymakers and market actors in Singapore and beyond. Our work will help build globally interconnected, locally relevant carbon markets, bringing economic opportunities through convergence of voluntary and compliance carbon markets."