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Ministry of Sustainability and the Environment
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Parliament Q&A

Written Reply to Parliamentary Question on Carbon Offset Credits

5 November 2025

Written Reply to Parliamentary Question on Carbon Offset Credits by Ms Grace Fu, Minister for Sustainability and the Environment.

Question:

To ask 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.

Answer:

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 4 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.

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