MINISTRY OF SUSTAINABILITY, SGP

This award is bestowed upon Singapore’s Ministry of Sustainability and the Environment (MSE), recognised as the Carbon Strategist with Taxation and International Articulation. Singapore is highly lauded for its visionary strategic integration of a robust domestic carbon taxation framework with proactive and astute engagement in international carbon markets. This sophisticated, dual-pronged approach ensures a potent domestic price signal for emissions, whilst actively exploring the judicious use of high-quality international carbon credits for compliance.

MSE’s leadership extends significantly to shaping and enhancing global carbon market integrity. This is exemplified through its pioneering initiatives, such as developing comprehensive reference guides for Article 6 certification, and its thoughtful consideration of the Core Carbon Principles (CCPs) as a crucial international minimum quality standard for carbon credits. These efforts contribute substantially to building trust and consistency across global carbon markets.

This comprehensive deployment of sophisticated climate policy instruments, spanning both rigorous national implementation and active participation in global integrity dialogues, unequivocally positions Singapore as a leading model for developing economies. It demonstrates how to effectively foster a coherent, credible, and globally impactful approach to climate action and decarbonisation.