According to EDB, Southeast Asia is home to a number of potentially profitable projects ranging from forest restoration to blue-carbon treatment.
Developers may benefit from the further assistance in their feasibility studies, which include gathering data and engaging with stakeholders. The goal is to increase the supply of high-quality coal funds globally in change.
The president’s most recent effort to turn Singapore into a graphite trading center is the government’s.
The EDB said it would further enhance the program based on preliminary interest and developments.
Executive vice president of the legal board, Lim Wey-Len, stated that the offer will encourage the creation of more high-quality carbon credits to help achieve Singapore’s environment goals.
Carbon funds are one of the processes to meet net-zero ambitions, specifically for hard-to-abate industries such as manufacturing.
” We see a lot of interest from companies starting to set up shop in Singapore to get the funds around this place,” said Mr. Lim,” who are ] starting to see a lot of interest from coal project development corporations ( who are ) starting to do this.”
Now, there are around 120 carbon service organizations in Singapore. EDB hopes that the offer will entice more carbon job developers.
Mr. Lim added that the offer might encourage more local jobs in the growing green business.