Credits and projects · Singapore

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

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.

8 Oct 2026Credits and projectsSingaporePublished 12 Nov 2026
Singapore's central business district skyline seen from the Singapore River
Singapore's central business district skyline seen from the Singapore River. Photo: Diego Delso, CC BY-SA 4.0, source. Resized only; no other change.
Report

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.

Context

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.

Data

How it compares

Singapore's partners with open project applications

agreements03.757.511.25152023202420252026121012

Source: Singapore's Carbon Markets Cooperation (Government of Singapore); National Environment Agency (NEA). Checked 2026-11-12. Opening dates for Peru, Bhutan, Rwanda and Thailand are the dates of the call announcements in the Carbon Markets Cooperation newsroom.

Table of the same figures
PartnerAgreement signedApplications opened
Ghana27 May 202430 September 2024
Peru1 April 202524 October 2025
Bhutan28 February 202520 November 2025
Rwanda6 May 202530 January 2026
Thailand19 August 202531 March 2026
Mongolia6 October 2025Announced 8 October 2026, open from 30 October 2026
Ahead

What is next

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

Record

Sources

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