Singapore joins GGGI Carbon Transaction Facility as fifth contributor, launches new Article 6 carbon fund

Singapore has become the fifth contributor to the Global Green Growth Institute's Carbon Transaction Facility, joining New Zealand, Norway, Sweden, and the UK. The partnership also establishes the Singapore Article 6 Carbon Facility, with Singapore as its main backer. Total contributions to the CTF now exceed USD 200 million. The facility combines readiness support with dedicated funds to purchase Internationally Transferred Mitigation Outcomes under Article 6 of the Paris Agreement. GGGI works with member countries to strengthen policy frameworks and build pipelines of mitigation activities that result in international carbon transactions. In 2025, GGGI's carbon portfolio grew by 40 percent, driven largely by the CTF. Singapore's participation signals continued government interest in high-integrity carbon credit procurement. The new fund will expand readiness support for developing countries and facilitate cooperation between host countries and buyers. This is one to watch for anyone tracking how Article 6 markets actually get built.