Total commitments to the Facility now exceed USD 200 million, expanding support for countries and emerging economies engaging in Article 6 carbon markets.

Singapore, 19 May 2026 – Singapore has joined the Global Green Growth Institute’s (GGGI) Carbon Transaction Facility (CTF) as a contributor to the Article 6 Readiness Facility, becoming the CTF’s fifth contributor alongside New Zealand, Norway, Sweden, and the United Kingdom – all key partners committed to supporting the implementation of high-integrity carbon markets under Article 6 of the Paris Agreement. As part of this partnership, the CTF also welcomes the establishment of a new carbon fund, the Singapore Article 6 Carbon Facility (SACF), with Singapore as its principal contributor. 

Singapore’s participation reflects its continued commitment to international climate cooperation, and to supporting developing countries and emerging economies in building the institutional and technical foundations needed to engage effectively in carbon markets. 

With Singapore on board, total contributions to the CTF now exceed USD 200 million. The additional resources will expand GGGI’s readiness support and demand for Internationally Transferred Mitigation Outcomes (ITMOs), facilitating further cooperation between host countries and potential buyers as they shape mitigation activities with strong sustainable development impacts. 

Launched in October 2024, the CTF is designed to catalyze carbon trading under Article 6 by combining readiness support with dedicated funds for the purchase of ITMOs. Through the CTF’s Article 6 Readiness Facility, GGGI works with its Member and Partner Countries to strengthen policy frameworks, institutional arrangements, technical capacity, and pipelines of mitigation activities that result in international carbon transactions. In 2025, GGGI’s overall carbon portfolio grew by 40%, driven primarily by the CTF. 

Mr Augustin Lee, Permanent Secretary (Energy & Trade), Singapore Ministry of Trade and Industry (MTI) said, “Singapore is committed to advancing high-integrity international carbon markets that accelerate climate action. Through the CTF, we hope to create high quality carbon credits which we can buy to offset our carbon emissions.” 

“This partnership marks Singapore’s first collaboration with GGGI, and we are pleased to welcome a country that has played a leading role in advancing carbon markets globally as a new strategic partner” said Sang-Hyup Kim, Executive Director of GGGI. “Singapore’s contribution is an important step in expanding high-integrity, country-driven cooperation under Article 6, and this is a highly appreciated development as we build closer relationship with ASEAN countries. Through the CTF, we work closely with governments to put in place the systems, policies, and partnerships that move countries from readiness to results — delivering climate ambition, environmental integrity, and sustainable development.” 

About the Global Green Growth Institute (GGGI)
The Global Green Growth Institute (GGGI) was founded as a treaty-based international, intergovernmental organization in 2012 at the United Nations Conference on Sustainable Development. GGGI supports its Member States in transitioning their economies toward a green growth model that simultaneously achieves poverty reduction, social inclusion, environmental sustainability, and economic growth. With 54 Member States and 30 Partner countries and regional integration organizations in the process of accession, GGGI delivers programs and projects in over 57 countries. These initiatives encompass developing innovative green growth solutions, technical support, capacity building, policy planning and implementation, and assistance in building a pipeline of bankable green investment projects, project financing, investments, and knowledge sharing. GGGI’s work contributes to its Member States’ efforts to fulfill the Sustainable Development Goals and the Nationally Determined Contributions to the Paris Agreement. 

About the Carbon Transaction Facility 
The Carbon Transaction Facility (CTF) is a country-driven mechanism that enables governments and the private sector — particularly in developing countries and emerging economies — to engage meaningfully in Article 6 carbon markets. By uniquely combining strong preparedness support with structured transaction facilitation, the CTF offers a full-cycle pathway — evolving readiness into results — to access and benefit from international carbon market mechanisms. The CTF facilitates partnerships, supporting host countries in implementing climate action while also helping buyers advance their climate commitments. As a technical enabler and trusted partner, the CTF helps drive forward transparent, high-integrity, and inclusive carbon transactions aligned with the Paris Agreement. The CTF comprises the Article 6 Readiness Facility, a multi-donor fund providing readiness support, alongside three dedicated Carbon Funds: the Article 6 Climate Cooperation Fund (ACCTIF) opened by Sweden, the Norwegian Article 6 Climate Action (NACA) Fund opened by Norway, and the Singapore Article 6 Carbon Facility (SACF), opened by Singapore. 

Media contacts
Diba Safitri
Communications Associate, Carbon Finance Department
diba.safitri@gggi.org