Singapore to contribute $19.2m to global facility to spur international carbon trading

Singapore will contribute US$19.2 million to support international carbon trading and strengthen high-integrity carbon markets under Article 6 of the Paris Agreement. Part of the funding will support the newly launched Action for a Resilient Climate (ARC) Coalition, a multilateral initiative aimed at accelerating credible cross-border carbon market development and climate finance flows. The initiative aligns with Singapore’s broader strategy to position itself as a regional carbon market and climate finance hub through bilateral Article 6 agreements, carbon tax policies, and international carbon credit frameworks. Market participants say the move could further boost demand for high-quality Article 6 credits and corresponding adjustment mechanisms while reinforcing Asia’s growing role in the global carbon market.
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