Singapore and Thailand open carbon credit project call aligned with Article 6

The agreement enables internationally transferred mitigation outcomes.

Singapore and Thailand have launched an application call for carbon credit projects under their Implementation Agreement on carbon credits cooperation, marking Singapore’s fifth call, following earlier rounds with Ghana, Peru, Bhutan and Rwanda.

The call opens submissions for Article 6-aligned projects in Thailand under the International Carbon Credit (ICC) framework that can generate internationally transferred mitigation outcomes under the Paris Agreement, according to a press release.

Under the framework, eligible credits may be used by Singapore-based carbon tax-liable companies to offset up to 5% of taxable emissions.

The Singapore–Thailand Implementation Agreement sets a bilateral structure for the transfer of correspondingly adjusted carbon credits under Article 6, ensuring emissions reductions or removals are not double counted across national greenhouse gas inventories.

Applicants may submit proposals for carbon credit projects in Thailand for authorisation, with applications reviewed by both governments on a rolling basis. The process comprises three stages: project design, validation and issuance.

Stage A requires a concept note outlining project design, methodology and implementation plan, including environmental integrity requirements such as additionality.

Stage B involves a Project Design Document and third-party validation, followed by government authorisation and project registration.

Stage C covers verification of emissions reductions, issuance of credits and transfer, including recording under Article 6.2 with corresponding adjustments confirmed by both governments.

Eligible credits must cover emissions reductions between 1 January 2021 and 31 December 2030 and meet criteria including additionality, environmental integrity, verification, permanence, and no double counting, whilst avoiding leakage and net harm.

Eligible carbon crediting programmes include Gold Standard for the Global Goals, Verified Carbon Standard, Global Carbon Council, and the Architecture for REDD+ Transactions.

Eligible methodologies span across methane reduction in agriculture, waste management, energy efficiency, renewable energy, transport, and forest protection.

The agreement operates under a legally binding framework signed on 19 August 2025, enabling international transfer of correspondingly adjusted carbon credits aligned with Article 6 of the Paris Agreement.

Singapore also commits to cancellation of 2% of authorised credits at first issuance, the press release said.