Singapore’s National Climate Change Secretariat announced a formal partnership with the World Bank Group on 20 May 2026, unveiling what the source describes as the “Singapore Carbon Market Initiative”. The programme is designed to help countries build the technical systems, institutional frameworks, and digital tools required to engage in high-integrity carbon markets.
The initiative is structured around three pillars: developing carbon market infrastructure and digital capabilities, assisting participating nations in monetising carbon credits, and supporting host-country governments in strengthening their policy environments and market mechanisms. The source does not specify target countries, funding amounts, or implementation timelines.
Source
- 新加坡与世界银行启动碳市场能力建设计划碳交易网, 2026-06-01