DBS China, CSSGD, CIX partner to pilot carbon credit trading

The parties plan to co-develop a pilot programme for companies in the park seeking access to global carbon markets.

DBS China, China-Singapore Suzhou Industrial Park Green Development Company (CSSGD), and Climate Impact X (CIX) have signed a memorandum of understanding to advance carbon credit trading in China, beginning in Suzhou Industrial Park and with potential expansion nationwide and beyond.

The partnership will assess market demand for international carbon credits, Renewable Energy Certificates (RECs) and related services within the park, which is the first government-to-government project between Singapore and China.

CSSGD will lead local engagement and market research, CIX will provide technical expertise, and DBS will serve as green finance advisor.

Based on the findings, the parties plan to co-develop a pilot programme for companies in the park seeking access to global carbon markets. The initiative aims to support China’s low-carbon transition whilst aligning domestic efforts with international carbon market mechanisms.

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