Singapore has launched two new initiatives aimed at accelerating innovation in high-integrity nature-based carbon solutions, strengthening its position as a regional hub for carbon services. Announced jointly by the Singapore Economic Development Board (EDB) and WWF-Singapore, the initiatives focus on advancing blue carbon and biomass capabilities through science-based and technology-enabled approaches. The move builds on Singapore’s growing carbon services and trading ecosystem, with an emphasis on enhancing the credibility and scalability of carbon credits across Asia.
The first initiative, the Blue Carbon Support Program (BCSP), will support the development of high-quality blue carbon projects involving ecosystems such as mangroves, seagrasses, peatlands, and coastal wetlands. Through partnerships with technology startups, research organizations, and project developers, the program will address key measurement, reporting, and verification (MRV) challenges that constrain the supply of high-integrity blue carbon credits. Supported by EDB’s Partnerships for Capability Transformation (PACT) scheme, BCSP will provide technical support, pilot new solutions, and strengthen project readiness, including the deployment of technologies identified through the earlier Blue Catalyst open innovation challenge.
In parallel, the Office for Space Technology & Industry (OSTIn) has launched a biomass digital measurement, reporting, and verification (dMRV) grant call to advance upstream research and methodology development. The grant will support the use of satellite, geospatial, and digital technologies to improve carbon measurement across forests and coastal ecosystems, in collaboration with Institutes of Higher Learning and research institutes. Together, the two initiatives aim to build a robust innovation pipeline from early-stage research to on-the-ground deployment, anchoring climate technology capabilities in Singapore while supporting regional decarbonization efforts.
(Sources: WWF-Singapore; Singapore Economic Development Board)
