Singapore

Singa­pore intends to achieve the mit­ig­a­tion object­ives under its NDC primar­ily through domest­ic emis­sions reduc­tion. It will also pur­sue oppor­tun­it­ies to lever­age inter­na­tion­al cooper­a­tion under Art­icle 6 of the Par­is Agree­ment. This includes the use of inter­na­tion­ally trans­ferred mit­ig­a­tion out­comes (ITMOs), guided by Decision 2/CMA.3 and any rel­ev­ant decisions of the Con­fer­ence of the Parties serving as the meet­ing of the Parties to the Par­is Agree­ment, as well as the need to ensure envir­on­ment­al integrity.

Singa­pore intends to use inter­na­tion­ally trans­ferred mit­ig­a­tion out­comes (ITMOs) under Art­icle 6 of the Par­is Agree­ment towards Singapore’s 2^nd NDC. We expect these ITMOs to make up the resid­ual emis­sions reduc­tions required to meet our tar­get, after account­ing for the abate­ment from all oth­er policies and plans imple­men­ted suc­cess­fully with­in the time­frame. […] Singa­pore has played an act­ive role to sup­port the mul­ti­lat­er­al frame­work of cooper­a­tion on cli­mate change under the UNFC­CC pro­cess, includ­ing co-facil­it­at­ing Min­is­teri­al Con­sulta­tions on Art­icle 6 at COP26, COP27, and COP29. Out­side of the UNFC­CC pro­cess, we have also led ini­ti­at­ives to strengthen trust and con­fid­ence in car­bon mar­kets, to mobil­ise great­er flows of private invest­ment to unlock addi­tion­al mit­ig­a­tion out­comes glob­ally. This includes the estab­lish­ment of the Cli­mate Action Data Trust (CAD Trust), in part­ner­ship with the World Bank and the Inter­na­tion­al Emis­sions Trad­ing Asso­ci­ation. CAD Trust syncs up data across car­bon cred­it­ing regis­tries, and pub­lishes this data at no cost on its online plat­form as a pub­lic good that enhances trans­par­ency in mar­kets. Singa­pore is also work­ing with Gold Stand­ard and Verra to devel­op an Art­icle 6 Cred­it­ing Pro­tocol, to help oth­er Parties under the Par­is Agree­ment more eas­ily par­ti­cip­ate in Art­icle 6 cooper­at­ive approaches. Singa­pore also col­lab­or­ates act­ively with inter­na­tion­al part­ners, such as the UNFC­CC, the UN Devel­op­ment Pro­gramme (UNDP), the UN Envir­on­ment Pro­gramme (UNEP), ASEAN and city-net­works such as the C40, on shar­ing of best prac­tices and exper­i­ences on cli­mate change and green growth issues.