Singapore and the World Bank have introduced a new carbon markets programme designed to improve access to climate finance for developing economies. The initiative will focus on creating trusted carbon credit systems, strengthening transparency, and supporting countries in building reliable market infrastructure. The partnership also seeks to encourage greater participation in global carbon trading mechanisms.
The programme will provide technical assistance, policy support, and digital solutions to help nations develop high-integrity carbon markets. Officials stated that stronger carbon trading frameworks can unlock new funding opportunities for climate projects while promoting sustainable economic growth. The initiative reflects growing international efforts to scale climate finance through credible market-based solutions.