Article 6 of the Paris Agreement sets out how countries can pursue voluntary cooperation to reach their climate targets. SCMA says these credits can help companies meet their corporate climate goals. They can also be used towards Singapore’s Nationally Determined Contributions (NDCs).
The Singapore Economic Development Board (EDB) and IETA have launched the Singapore Carbon Market Alliance (SCMA), the first platform in Singapore aimed at helping companies obtain access to high-quality, Article 6-aligned carbon credits.
SCMA is a by-invitation-only alliance that will connect developers and suppliers of carbon credits with Singapore-based corporates that are keen to purchase such carbon credits.
