Launched in 1994, SIP houses a diverse range of companies from around the world, including Chinese enterprises as well as those from Singapore, the US and Europe.
DBS China has signed a memorandum of understanding (MOU) with Climate Impact X (CIX) and China-Singapore Suzhou Industrial Park Green Development Company (CSSGD), a subsidiary of China-Singapore Suzhou Industrial Park Development Group (CSSD), to advance carbon credit trading in China and beyond.
The MOU establishes a framework to explore and assess the demand for carbon credit or renewable energy certificate (REC) trading in Suzhou Industrial Park (SIP), the first government-to-government project between Singapore and China.
