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Singapore's Carbon Markets Cooperation

Eligibility List

Find out which carbon crediting programmes and methodologies are approved under the Singapore-Peru carbon markets cooperation, and the conditions that may affect their authorisation.

Last updated 30 July 2026

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

Gold Standard for the Global Goals (GS4GG)

  1. Reduced Emissions from Cooking and Heating – Technologies and Practices to Displace Decentralized Thermal Energy Consumption v4.0 (TPDDTEC)

  2. Methodology For Animal Manure Management and Biogas Use for Thermal Energy Generation v1.1

  3. Methane Emission Reduction by adjusted Water management practice in rice cultivation v1.0

Verified Carbon Standard (VCS)

  1. VM0016 Recovery and Destruction of Ozone-Depleting Substances (ODS) from Products, v1.1

  2. VMR0008 Revision to AMS-III.A.: Recovery and Recycling of Materials from E-waste v1.0

  3. VM0047 Afforestation, Reforestation, and Revegetation, v1.1

  4. VM0048 Reducing Emissions from Deforestation and Forest Degradation, v1.0

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.

The above list of carbon crediting programmes and methodologies meet the eligibility criteria and domestic laws, regulations and administrative frameworks of both Peru and Singapore. 

Though eligible, the applicability of these methodologies may be further assessed by both Peru and Singapore when project applications are submitted. Singapore and / or Peru 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 and methodologies can be found here.