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Ministry of Trade and Industry
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Launch of Government initiatives to support the development of high-integrity carbon markets

28 October 2025

The National Climate Change Secretariat (NCCS), Ministry of Trade and Industry (MTI), Enterprise Singapore (EnterpriseSG) and Monetary Authority of Singapore (MAS) are advancing initiatives to support the development of high-integrity carbon markets. These include (a) the publication of voluntary carbon market (VCM) guidance on how companies can use carbon credits as part of their decarbonisation plans; (b) ongoing discussions with leading corporates in Asia to set up an industry-led buyers’ coalition to aggregate demand for high-quality carbon credits; and (c) the introduction of a new Financial Sector Carbon Market Development Grant to support financial institutions’ participation in carbon markets.

Download the full press release [PDF, 233 KB].

MINISTRY OF TRADE AND INDUSTRY
28 OCTOBER 2025

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