# Singapore and Mongolia open carbon project applications from 30 October with 49 eligible methodologies

_Published 2026-11-12 · Event 2026-10-08 · Credits and projects · Singapore · https://asiacarbondesk.com/news/20261112-sg-mongolia-call/_

Singapore and Mongolia announced on 8 October 2026 that project applications under their carbon credit agreement open on 30 October.
Mongolia is the sixth of Singapore's 12 partner countries where applications have opened.
The eligibility list names 49 methodologies across four crediting programmes.

## What happened

Singapore's Ministry of Energy, Trade and Industry and the National Environment Agency issued a joint press release on 8 October 2026. It states that developers may apply from 30 October 2026 for authorisation of carbon credit projects in Mongolia under the bilateral Implementation Agreement. The two governments review applications jointly and on a rolling basis.
The process has three stages. First, an applicant submits a concept note naming the programme and methodology. Second, it submits a project design document with a third-party validation report and, once both countries issue letters of authorisation, registers the project and starts work. Third, after verified credits are issued, Mongolia records the first transfer and confirms that corresponding adjustments are applied.
The eligibility list in the release covers 17 Gold Standard methodologies, 27 under Verra's Verified Carbon Standard, four under the Global Carbon Council and one under ART TREES. Projects using one HFC methodology are assessed case by case, and high-forest low-deforestation approaches for REDD+ are excluded. On Singapore's side, projects must also meet its seven environmental integrity principles, including additionality and permanence, and the reductions must take place from 2021 to 2030 inclusive.
Credits from authorised projects may be used by Singapore carbon tax payers to offset up to 5% of taxable emissions. Singapore commits to cancel 2% of authorised credits at first issuance.

## Background

Singapore signed the agreement with Mongolia on 6 October 2025. It was the tenth of the country's Implementation Agreements, which began with Papua New Guinea in December 2023. The total reached 12 when Lao PDR signed on 4 September 2026.
Signing an agreement does not open the door to projects by itself. Each partner first needs a published eligibility list and a call for applications. Ghana was first, with a call on 30 September 2024. Calls followed in Peru, Bhutan, Rwanda and Thailand, before Mongolia.
Singapore's Carbon Markets Cooperation site showed no projects on its Implementation Agreement register as of 2 November 2026. The National Environment Agency notes that a project may need as long as four years before it issues credits.

## Singapore's partners with open project applications

| Partner | Agreement signed | Applications opened |
|---|---|---|
| Ghana | 27 May 2024 | 30 September 2024 |
| Peru | 1 April 2025 | 24 October 2025 |
| Bhutan | 28 February 2025 | 20 November 2025 |
| Rwanda | 6 May 2025 | 30 January 2026 |
| Thailand | 19 August 2025 | 31 March 2026 |
| Mongolia | 6 October 2025 | Announced 8 October 2026, open from 30 October 2026 |

Opening dates for Peru, Bhutan, Rwanda and Thailand are the dates of the call announcements in the Carbon Markets Cooperation newsroom.

## What is next

- No further dates are set in the official texts we checked.

## Sources

- [Singapore and Mongolia to open application process for carbon credit projects under bilateral Implementation Agreement (8 October 2026)](https://www.meti.gov.sg/newsroom/singapore-and-mongolia-to-open-application-process-for-carbon-credit-projects-under-bilateral-implementation-agreement/) (Ministry of Energy, Trade and Industry; National Environment Agency, checked 2026-11-12)
- [Press release PDF with Annexes A-C](https://isomer-user-content.by.gov.sg/1004/27b0f110-2793-4da0-95af-47fdb60348e6/Press%20Release%20-%20Singapore%20and%20Mongolia%20to%20open%20application%20process%20for%20carbon%20credit%20projects%20un.pdf) (Ministry of Energy, Trade and Industry, checked 2026-11-12)
- [Newsroom](https://www.carbonmarkets-cooperation.gov.sg/newsroom/) (Singapore's Carbon Markets Cooperation, checked 2026-11-12)
- [Overall Project Register](https://www.carbonmarkets-cooperation.gov.sg/project-register/) (Singapore's Carbon Markets Cooperation, checked 2026-11-12)
- [Carbon Tax](https://www.nea.gov.sg/our-services/climate-change-energy-efficiency/climate-change/carbon-tax) (National Environment Agency, checked 2026-11-12)

Data book: https://asiacarbondesk.com/singapore-carbon-tax/