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Singapore's Carbon Markets Cooperation

Eligibility List

Find out which carbon crediting programmes and methodologies are approved under the Bhutan-Singapore carbon markets cooperation agreement.

Last updated 29 July 2026

The carbon crediting programmes and methodologies that meet the criteria of both Bhutan and Singapore are:

Gold Standard for the Global Goals (GS4GG)

  • All active methodologies published before 31 March 2023 except those under the “Land Use and Forestry & Agriculture” category of GS4GG.

Verified Carbon Standard (VCS)

  • All active methodologies published before 31 March 2023 except those that are under the "Sectoral Scope 14" category of VCS, with these allowable excepions:

    • Scenario 2a and 3 of VCS Jurisdictional and Nested REDD+ (JNR) framework

    • VM0012

    • VM0032

    • VM0033

    • VM0036

    • VM0041

    • VM0042

  • Where any VCS methodology is used, the project participant will be required to demonstrate the Sustainable Development contributions or co-benefits of the relevant mitigation activity by submitting to the Joint Committee its verification report under the Climate, Community and Biodiversity Standards (CCB Standards), the Sustainable Development Verified Impact Standard (SD VISta) or another standard recognised by VCS for such purpose.

American Carbon Registry (ACR)

  • All active methodologies published before 31 March 2023, except methodologies under the "Sectoral Scope 3 (Land Use, Land Use Change and Forestry)' category of ACR.

Global Carbon Council (GCC)

All active methodologies published before 31 March 2023, except the following project types or methodologies:

  • Nuclear energy

  • HFC-23 abatement

  • Reducing Emissions from Deforestation and Degradation(REDD)

  • Afforestation & Reforestation (A&R)

  • Carbon Capture & Storage (CCS)

Architecture for REDD+ Transactions (ART)

  • All active methodologies published before 31 March 2023.

The above list of carbon crediting programmes and methodologies meet the eligibility criteria and domestic laws, regulations and administrative frameworks of both Bhutan and Singapore. 
Though eligible, the applicability of these methodologies may be further assessed by both Bhutan and Singapore when project applications are submitted. Singapore and / or Bhutan reserves the right to refuse authorisation of a mitigation activity. The refusal for authorisation may be due to: 

  • The methodology is not aligned with domestic laws, regulations and administrative frameworks of respective countries, when the project application is submitted. 

  • The methodology has been suspended or placed under formal review by the relevant carbon crediting programme, when the project application is submitted. 

  • The methodology is not the latest version. 

Additional requirements from Singapore for specific project types can be found here.