ISSN (print) - 0131-7652

ISSN (online) - 2686-7605

Vol. 55 No. 1 (2025)
Cover story: Climate and economics – can’t sell / buy?

Carbon Credits in Singapore’s Climate Strategy

Requires Subscription or Fee PDF (Русский) (RUB 100)
  • I.A. Kopytin,
  • O.B. Reznikova
I.A. Kopytin
Primakov National Research Institute of World Economy and International Relations RAS
O.B. Reznikova
Primakov National Research Institute of World Economy and International Relations RAS
DOI: https://doi.org/10.30680/ECO0131-7652-2025-1-35-44

Published 2025-01-30

Keywords

  • carbon credits; carbon offsets; greenhouse gas emission tax; carbon exchanges; climate projects; Paris Climate Agreement; Singapore

How to Cite

1.
Kopytin И, Reznikova О. Carbon Credits in Singapore’s Climate Strategy. ECO [Internet]. 2025 Jan. 30 [cited 2025 Feb. 7];55(1):35-44. Available from: https://ecotrends.ru/index.php/eco/article/view/4815

Abstract

Singapore’s National Climate Strategy aims to transform the country into a regional and global hub for the export of environmental services, including carbon credit trading. The strategy is aimed at maintaining Singapore’s position as one of the world’s centers of manufacturing industry, which is the country’s largest emitter of greenhouse gases. While Singapore has already largely exhausted its renewable energy options, industrial companies see carbon credits as an important tool for decarbonization and demethanization. In parallel, Singapore is actively involved in scaling up the global carbon credit trade. In various scenarios Singapore’s added value from carbon trading services could reach $1.8–$5.6 billion by 2050.
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