Enviro News Asia, Singapore — The National Environment Agency (NEA) of Singapore has appointed three international carbon rating service providers — BeZero Carbon Ltd, Calyx Global, Inc, and Sylvera Ltd — to enhance the country’s environmental integrity assessments of carbon credit methodologies and projects.
The appointment, announced on 7 November 2025, aims to strengthen Singapore’s International Carbon Credit (ICC) Framework by ensuring that carbon credits meet rigorous environmental and transparency standards.
International Carbon Credits (ICCs) form a key component of Singapore’s strategy to meet its 2030 Nationally Determined Contribution (NDC) and its 2050 net-zero target. Introduced in November 2022, the ICC Framework establishes eligibility criteria and environmental integrity principles for carbon credits. Under the framework, companies subject to Singapore’s carbon tax can offset up to 5 percent of their taxable emissions using eligible ICCs starting from 2024.
By the end of October 2025, Singapore had signed Implementation Agreements with ten partner countries for carbon credit generation and trading under Article 6 of the Paris Agreement. Calls for project applications have already been launched in Ghana and Peru.
To ensure the credibility of these projects, NEA has formed a carbon ratings panel comprising BeZero Carbon, Calyx Global, and Sylvera. The panel will provide expert evaluations of proposed carbon credit methodologies and projects, helping the government maintain high standards of environmental integrity and scientific rigor.
NEA stated that the appointment followed a competitive tender process initiated in May 2025, during which applicants were evaluated based on their technical expertise, market experience, professional qualifications, track record, and cost competitiveness.
The agency added that the inclusion of independent carbon rating providers will help Singapore expand its ICC ecosystem, diversify supply, and strengthen the credibility of the nascent international carbon credit market. (*)
