(SIEW) to encourage financial institutions to participate in carbon markets.
In the last quarter of 2025, Singapore deepened decarbonisation capabilities, both in infrastructure and in talent, while strengthening cross-border partnerships in carbon markets and renewable solutions.
Here is a round-up of key developments and what they mean for businesses.
1. Celebrating 25 years of Jurong Island
What began as a bold bet by our early leaders to build up a land-efficient energy and chemical industry has been transformed into a highly integrated, globally competitive chemicals hub.
On its 25th anniversary, a slew of new launches reflect Jurong Island’s delicate new balancing act – going green while sustaining jobs and growth. From a planned low-carbon data centre park with a capacity of 700 megawatts, to 300 hectares of land (10 per cent of the island) being allocated for new energy solutions, such as the hydrogen-ready back-up power plant, Singapore continues to deftly navigate these demands.
The island’s next chapter in sustainability is shaped by industry partnerships and innovative infrastructure developments, including Sembcorp’s newly launched solar farm, the largest in Singapore, and A*STAR’s Low Carbon Translational Testbed (LCT3), which will enable companies test emerging green technologies cost-effectively. LCT3 will provide companies with resource-efficient, modular facilities to testbed emerging low-carbon technologies and scale them for commercial development. The likes of CRecTech, FlueVault, Metha8 and Turnover Labs have expressed interest in utilising this facility to scale their solutions.
2. Driving regional carbon market growth
In a move that signals growing market confidence in Singapore’s sustainability landscape, the Integrity Council for the Voluntary Carbon Market (ICVCM), a global body that sets carbon credit standards, has established its first overseas office here. It will serve as ICVCM’s Asia Pacific hub.
Singapore has also signed a bumper crop of eight Article 6 Implementation Agreements with various countries this year, including our first two Southeast Asian partners, Thailand and Vietnam (see Figure 1 below for a compiled list of carbon deals signed so far). Meanwhile, the Monetary Authority of Singapore, launched a S$15 million grant at the Singapore International Energy Week
