Singapore, Thailand launch applications for carbon credit projects: MTI

Singapore and Thailand have launched applications for carbon credit projects under their bilateral implementation agreement, advancing the operationalization of Article 6.2 of the Paris Agreement. The initiative enables developers to submit projects that may generate internationally transferred mitigation outcomes (ITMOs), subject to host country authorization and corresponding adjustments. The credits are expected to support Singapore’s carbon tax system, creating a direct link between supply and compliance demand. The development highlights a maturing cross-border carbon market structure and reinforces Southeast Asia’s growing role in supplying high-integrity, policy-aligned carbon credits.
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