Singapore, World Bank launch joint programme to scale carbon trading

The initiative will help countries develop interoperable digital carbon registries.

The Singapore Government and the World Bank Group launched the Singapore Carbon Markets Programme to help countries build infrastructure and expand participation in carbon trading schemes.

The initiative will develop toolkits to help countries build interoperable carbon registries aligned with international standards.

In addition, it will build digital systems for monitoring, reporting, and verification of carbon abatement projects, including regenerative agriculture initiatives.

The programme will also pilot mechanisms to aggregate carbon credit demand and supply at both buyer and country levels to reduce transaction costs and lower project risks in underserved markets.

It will support the development of national carbon market strategies, policies, and institutions through cross-country collaboration and knowledge sharing.