Singapore, January 2025 – Offset8 Capital has announced its membership joining the Singapore Carbon Market Alliance (SCMA). This strategic alliance, launched by the Singapore Economic Development Board (EDB) and the International Emissions Trading Association (IETA), aims to connect buyers and sellers of Article 6 credits and promote high-integrity carbon markets.
The SCMA, established to foster high-quality carbon credits aligned with Article 6 of the Paris Agreement, serves as a crucial platform for international suppliers and enablers of carbon markets. It facilitates connections with Singapore-based companies dedicated to sustainability, providing workshops and networking sessions to build knowledge and facilitate exchanges between industry and government on carbon credit requirements and initiatives.
Offset8 Capital's membership in SCMA underscores its commitment to innovative and reliable decarbonization strategies. The company aims to leverage high-quality carbon credits as key tools in bridging the financing gap and accelerating climate action. With a focus on developing high-integrity nature-based solutions across Africa and Southeast Asia, Offset8 Capital will continue to support Article 6-aligned, CORSIA, and CCP eligible credits.
About the Singapore Carbon Market Alliance (SCMA): The SCMA was launched to promote decarbonization in Asia while supporting economic growth and energy security. It involves cooperation among 11 nations, including Japan, Indonesia, and Australia, to achieve carbon neutrality through various pathways. The initiative is Singapore Economic Development Board (EDB), a government agency responsible for strategies that enhance Singapore’s position as a global center for business, innovation, and talent and International Emissions Trading Association (IETA), a non-profit business group championing the power of high-integrity markets to reach net-zero targets.
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