Why companies should join Singapore's vibrant carbon services and trading ecosystem

Climate action is gaining momentum in Southeast Asia (SEA), where four out of ten of the world’s most climate change-affected countries are located. The opportunity is clear.
 

SEA’s green economy at a glance

     -  US$1T projected in annual green economic opportunities by 2030

     -  20% of the world’s biodiversity, and potential nature-based solutions

     -  Rich in renewable sources such as hydro, solar, geothermal energy

For companies which provide services such as carbon advisory, project development, trading, and more, Singapore is an ideal headquarters for developing decarbonisation projects within regional supply chains and originating, financing, and trading carbon credits for use in SEA and globally.

Singapore provides:

• Market access

Singapore’s trade connectivity provides companies with the chance to scale solutions and gain customers from across Southeast Asia.

• Vibrant business ecosystem

Singapore is home to open innovation platforms such as the Temasek Liveability Challenge, which match real-world challenges with impactful solutions.

• Talent

Government career programmes and learning institutes support capacity building in areas such as carbon accounting, monitoring, reporting, and verification (MRV).

• Financial sector synergies

As a regional trading and financial services hub, Singapore allows firms to co-locate their carbon services and trading activities. For example, the Climate Action Data Trust (CAD Trust) is a new joint initiative between the International Emissions Trading Association, World Bank, and the Singapore Government to harmonise global carbon market registries.

Read what leaders at Singapore’s top carbon services and trading firms have to say about why they have chosen to enable a sustainable future from Singapore.

As the world looks towards a net-zero carbon future, Singapore remains committed to global sustainability efforts by partnering with like-minded companies that use business as a force for good.

With our progressive climate policies, robust financial and trading sectors, and close economic ties throughout Asia, carbon services and trading companies can leverage Singapore’s credibility and global connectivity to expand their offerings to new markets worldwide.