Singapore and Thailand have officially launched applications for joint carbon credit projects as of April 1, 2026, marking their first bilateral collaboration under Article 6 of the Paris Agreement. This initiative aims to generate high-integrity, correspondingly adjusted carbon credits from sectors like agriculture and renewable energy, which Singapore-based companies can use to offset up to 5% of their taxable emissions.

Singapore and Thailand have officially launched applications for joint carbon credit projects as of April 1, 2026, marking their first bilateral collaboration under Article 6 of the Paris Agreement. This initiative aims to generate high-integrity, correspondingly adjusted carbon credits from sectors like agriculture and renewable energy, which Singapore-based companies can use to offset up to 5% of their taxable emissions. 

Key details of the collaboration include:
Operational Mechanism: -
The project call operates under a signed Implementation Agreement, allowing for the transfer of carbon credits while preventing double-counting.
Project Eligibility:-
 Eligible projects can use standards such as Gold Standard, Verra, Global Carbon Council (GCC), and REDD.
Application Process:-
 Projects are reviewed by both governments on a rolling basis, covering project design, validation, and authorization.
Focus Areas: -
Eligible projects cover sectors including methane reduction in agriculture, renewable energy, waste management, and forestry.
Strategic Goal:-
 This is Singapore's fifth such push to secure carbon credits internationally to meet its net-zero 2050 target, and its first within ASEAN. 
Applications can be submitted by project developers through the official channels provided by the respective governments. 

Singapore and Thailand open carbon credit project call aligned with Article 6
  The agreement enables internationally transferred mitigation outcomes. Singapore and Thailand have launched an application call for carbon credit projects .
 Singapore Opens Carbon Credit Applications With Thailand In Fifth Bilateral Push. by Theodore Stankova. 
 MJF Lion ER YK Sharma 

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