Supporting Article 6 Carbon Projects

The Singapore Economic Development Board (EDB) has launched a grant to support Singapore-based companies carrying out early-stage carbon project development and financing activities that could generate high-quality Article 6 carbon credits. This aims to spur the supply of Article 6 credits, with early-stage financing gaps being a key bottleneck.

Established carbon project developers are eligible to apply. They will be expected to anchor a carbon project development team in Singapore. These projects must align with Article 6 of the Paris Agreement, meet the criteria set out under Singapore’s International Carbon Credit (ICC) Framework, and be undertaken in countries that Singapore has existing carbon credit collaborations with.

Recently, EDB and TT Foundation Advisors launched a donor-advised fund to augment the grant pool, providing a channel for private capital owners to fund high quality Article 6 carbon projects alongside EDB’s Carbon Project Development grant.

Find out more here.