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Jump in number of firms across sector in Republic
The Straits Times
|May 06, 2025
Bhutan, Laos and Malaysia. Singapore's carbon services sector has been envisioned to be a key driver of growth in the sustainability space.
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Today, the Republic is home to more than 150 firms across the sector - double the number from 2021, said EDB and Enterprise Singapore in a joint response.
These include local and global players such as low-carbon advisers, project developers, carbon credit traders and exchanges, firms that conduct greenhouse gas emissions monitoring, reporting and verification, and climate-focused international organisations.
Based on an earlier study commissioned by Enterprise Singapore and EDB, Singapore's presence as a carbon services and trading hub could create a projected gross value-add of between US$1.8 billion (S$2.3 billion) and US$5.6 billion, depending on climate change developments globally.
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