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Ministry of Trade and Industry
1. Press releases

Singapore enhances Article 6 carbon markets by committing US$15 million to GGGI’s Carbon Transaction Facility and establishes Singapore Article 6 Carbon Facility

19 May 2026

Singapore aims to address practical barriers that have hindered progress in Article 6 carbon markets, from high transaction costs and limited institutional capacity in host countries, to the lack of project development funding. Hence, Singapore has joined the Global Green Growth Institute’s (GGGI) Carbon Transaction Facility (CTF), contributing US$15 million to strengthen international collaboration on high-integrity Article 61 carbon markets and scale climate action.

Download the full press release [PDF, 283 KB]

MINISTRY OF TRADE AND INDUSTRY
19 MAY 2026

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