The Economic Development Board (EDB) has also launched a new grant that will give Singapore-based carbon project developers greater access to funding and support.
The Economic Development Board has also launched a new grant that will give Singapore-based carbon project developers greater access to funding and support.New: You can now listen to articles.BAKU: Singapore has pledged to match every dollar up to US$500 million for green and transition projects in Asia, as part of the nation’s commitment to provide climate financing solutions in the region.
The dollar-for-dollar pledge contributes to the Financing Asia’s Transition Partnership , which was launched by the Monetary Authority of Singapore last year. The theme at the Singapore Pavilion is “Realising Our Shared Climate Vision Together”. The space will welcome international stakeholders to discuss topics including carbon markets, finance, energy transition, food and water.Ms Fu said during her address that Singapore has made good progress on its climate goals so far.
Ms Fu called on parties to the Paris Agreement to submit their BTRs before the end of the year, as required under the UN’s Enhanced Transparency Framework.Also at COP29, the Economic Development Board launched a new grant that will give Singapore-based carbon project developers greater access to funding and support.
The additional help will support developers in their feasibility studies, which include data collection and stakeholder engagement. The hope is that this will in turn boost the global supply of high-quality carbon credits.Depending on the initial interest and developments, the EDB said it will refine the initiative down the line.
Grace Fu EDB Sustainability Carbon Credits
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