Raw: [
Singapore’s National Climate Change Secretariat (NCCS) and the World Bank Group announced the launch of […]]
Singapore, World Bank Partner to Scale National Carbon Markets – ESG Today
ESG Investing, sustainable finance & business sustainability news
ESG investing news, analysis, research and information
Top Stories ESG News
Companies
Government
Investors
Regulators
Sustainable Finance
ESG Solutions ESG Tools, Services
Companies Companies
Investors Investors
ESG Disclosure ESG Reporting
Analysis
Regulators
Reports, Studies
Newsfeed
Resources
Events
About About us
Our Team
Advertise With Us
Environment/ Government/ Sustainable Finance
Singapore, World Bank Partner to Scale National Carbon Markets
Kenny Fisher
May 21, 2026
Singapore’s National Climate Change Secretariat (NCCS) and the World Bank Group announced the launch of the Singapore Carbon Markets Program, a new initiative aimed at supporting countries in developing and scaling national carbon markets.
The program is designed to address key barriers hindering the growth of carbon markets, while supporting countries in strengthening technical capabilities, institutional capacity and digital infrastructure needed to participate in high-integrity carbon markets, the organizations said.
The new program will include three key components, focused on strengthening carbon market infrastructure and technology, facilitating the monetization of carbon credits, and supporting host countries’ capacity building and market readiness.
Benedict Chia, Director-General (Climate Change), National Climate Change Secretariat said:
“Singapore is committed to advancing high-integrity carbon markets as a key pillar of both global climate action and sustainable development. Our collaboration with the World Bank Group on the Singapore Carbon Markets Programme reflects this commitment.”
Initiatives under the program will include the delivery of toolkits to help countries develop interoperable carbon registries aligned with international standards and enable digital monitoring, reporting and verification (MRV) systems for new credit types, including regenerative agriculture. Additional measures will focus on developing new methods to aggregate carbon credit demand and supply at both buyer and country levels to reduce transaction costs, crowd in demand and de-risk projects in underserved markets, while also supporting the development of national carbon market strategies, policies and institutions through cross-country learning initiatives.
Kristina Svensson, East Asia and Pacific Regional Hub Manager, World Bank Group, said:
“This partnership reflects our commitment to deliver tangible development outcomes by providing meaningful access to climate finance to the countries that need it most. It reinforces our strategic alignment with the Government of Singapore to build high-integrity carbon markets.”
Kenny Fisher
Kenny Fisher is a writer and editor covering ESG, finance, and broader business trends. Most recently, Kenny worked as a content writer at Oanda, a leading online currency trading firm. His articles have been featured on major business and financial online media platforms.
Related Posts
Environment /
SBTi Broadens Focus from Climate Target Setting to Implementation
Government /
Four States Launch Lawsuits Against Proxy Advisor ISS Over ESG Policies
Sustainable Finance /
HSBC, Temasek-Backed Pentagreen Raises $800 Million for Asia-Focused Green Transition Fund
‹ Four States Launch Lawsuits Against Proxy Advisor ISS Over ESG Policies
Sustainable Finance
Singapore, World Bank Partner to Scale National Carbon Markets
HSBC, Temasek-Backed Pentagreen Raises $800 Million for Asia-Focused Green Transition Fund
Sustainable Bond Issuance Rebounds in Q1 2026, Still Down from Prior Year: Moody’s
Carbon Equity Launches Fund Giving Investors Access to Energy Transition Loans
Government
Singapore, World Bank Partner to Scale National Carbon Markets
Four States Launch Lawsuits Against Proxy Advisor ISS Over ESG Policies
PayPal Settles US Anti-DEI Probe into Program Supporting Minority Businesses for $30 Million
Australia Proposes Removing Smaller Companies from Sustainability, Financial Reporting Requirements
Categories
Select Category
Companies
Energy Transition
Environment
ESG Reporting
ESG Tools, Services
Executive Moves
Governance
Government
Guest Posts
Investors
M&A
New funds & products
Platforms & Markets
Private Equity & Venture Capital
Professional bodies
Regulators
Reports, Studies
Social
Social & Governance
Sustainable Finance
Back to Top
Home
About us
Disclosure, cookies & privacy policy
© ESG Today 2026
Cookie ConsentWe value your privacy. We use cookies to improve your experience on our site. By using our site, you consent to cookies.
PreferencesRejectAccept AllCookie Preferences×Manage your cookie preferences below:
Toggle EssentialEssentialEssential cookies enable basic functions and are necessary for the proper function of the website.NameDescriptionDurationCookie PreferencesThis cookie is used to store the user’s cookie consent preferences.30 daysToggle CommentsCommentsThese cookies are needed for adding comments on this website.NameDescriptionDurationcomment_authorUsed to track the user across multiple sessions.Sessioncomment_author_emailUsed to track the user across multiple sessions.Sessioncomment_author_urlUsed to track the user across multiple sessions.SessionToggle Google Tag ManagerGoogle Tag ManagerGoogle Tag Manager simplifies the management of marketing tags on your website without code changes.NameDescriptionDurationcookiePreferencesRegisters cookie preferences of a user2 yearstdRegisters statistical data on users’ behaviour on the website. Used for internal analytics by the website operator.sessionToggle StatisticsStatisticsStatistics cookies collect information anonymously. This information helps us understand how visitors use our website.Toggle Google AnalyticsGoogle AnalyticsGoogle Analytics is a powerful tool that tracks and analyzes website traffic for informed marketing decisions.Service URL: policies.google.com (opens in a new window)NameDescriptionDuration_gac_Contains information related to marketing campaigns of the user. These are shared with Google AdWords / Google Ads when the Google Ads and Google Analytics accounts are linked together.90 days__utmaID used to identify users and sessions2 years after last activity__utmtUsed to monitor number of Google Analytics server requests10 minutes__utmbUsed to distinguish new sessions and visits. This cookie is set when the GA.js javascript library is loaded and there is no existing __utmb cookie. The cookie is updated every time data is sent to the Google Analytics server.30 minutes after last activity__utmcUsed only with old Urchin versions of Google Analytics and not with GA.js. Was used to distinguish between new sessions and visits at the end of a session.End of session (browser)__utmzContains information about the traffic source or campaign that directed user to the website. The cookie is set when the GA.js javascript is loaded and updated when data is sent to the Google Anaytics server6 months after last activity__utmvContains custom information set by the web developer via the _setCustomVar method in Google Analytics. This cookie is updated every time new data is sent to the Google Analytics server.2 years after last activity__utmxUsed to determine whether a user is included in an A / B or Multivariate test.18 months_gaID used to identify users2 years_galiUsed by Google Analytics to determine which links on a page are being clicked30 seconds_ga_ID used to identify users2 years_gidID used to identify users for 24 hours after last activity24 hours_gatUsed to monitor number of Google Analytics server requests when using Google Tag Manager1 minuteToggle Cookie PolicyCookie PolicyYou can find more information in our Terms of Service, Cookies and Privacy Policy and Privacy Policy.Accept AllCloseSave and Close
Never miss the latest breaking ESG investment news. Get ESG Today’s newsletter today!
Subscribe Now
c