Number of Carbon Offset Credits Purchased by Singapore Annually

Assoc Prof Jamus Jerome Lim asked the Minister for Sustainability and the Environment (a) how many carbon offset credits has Singapore purchased annually since 2023; (b) which are the main source countries; and (c) whether any originate from this region.

Ms Grace Fu Hai Yien: To date, the Government and carbon tax-liable companies have not purchased any carbon credits under the International Carbon Credits Framework. In September 2025, the Government announced that it will contract high-quality nature-based carbon credits from four projects in Ghana, Paraguay and Peru. These projects are expected to deliver 2.175 million tonnes of carbon credits towards our 2030 Nationally Determined Contribution.