Clifford Chance
Singapore Carbon Initiatives: The future of Singapore's voluntary carbon market
7 August 2025
Singapore is positioning itself as a regional carbon trading hub for Asia-Pacific. The country is building up its carbon markets and developing mechanisms that will impact carbon trading. A core element of the strategy historically has been the voluntary carbon markets.
In this briefing, we consider what the role of the voluntary carbon market in Singapore will be when Article 6 mechanisms have been put into operation and look at recently published draft guidance on how companies in Singapore can voluntarily use carbon credits as part of a credible decarbonisation plan. The draft guidance provides a glimpse of the potential future of the voluntary carbon market in Singapore and could be important to scaling Singapore's carbon markets as a whole.
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