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 2nd 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.