Singapore Carbon Credit Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (undefined)

Singapore Carbon Credit Market Trends

• Mainstreaming of Carbon Credits and Trading: Carbon credits and emissions trading are moving into the mainstream business conversation globally, evidenced by announcements from tech giants like Microsoft and Meta establishing net zero targets. Singapore's carbon exchange, government backing and high trading environment make it well placed to drive mainstream adoption in Asia. Climate Impact X's marketplace model connects buyers and sellers in one place, providing an accessible platform for small businesses new to carbon markets. In 2020, it launched the Singapore Green Plan 2030, which aims to reduce the country's emissions intensity by 36% from 2005 levels by 2030, and to achieve net-zero emissions as soon as viable in the second half of the century. These instances indicate a growing trend towards the mainstreaming of carbon credits and trading in Singapore
• Live Streaming Taking Off: Live streaming is gaining substantial traction both for entertainment and conversations. Gaming live streams attract huge young audiences. Instagram lives enable direct creator-fan interactions. Conversational live audio apps like Clubhouse are ideal for knowledge sharing. Live shopping featuring product demos is also an emerging format. The raw, unfiltered nature of live content and the ability to directly interact with audiences adds to its appeal. Big tech platforms as well as startups are prioritizing live broadcasts. For instance, the Carbon Pricing Leadership Coalition (CPLC) often hosts webinars on carbon pricing and trading.

Figure 1. Singapore Carbon Credit Market Share (%)