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Singapore Carbon Credit Market to Reach US$ 55.14 Million by 2030, Rising at a CAGR of 21% | Report by CoherentMI

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BURLINGAME, Calif., Feb. 16, 2024 /PRNewswire/ — CoherentMI published a report, titled, Singapore Carbon Credit Market was valued at US$ 14.5 Million in the year 2023 and is anticipated to reach US$ 55.14 Million by 2030, at a CAGR of 21% during forecast period 2023-2030.

Market Dynamics:

The Singapore government has taken significant initiatives to reduce carbon emissions in the country, which is expected to drive the growth of the carbon credit market in the region. The government has implemented the Carbon Pricing Act, which imposes a price on carbon emissions from industries. This act encourages companies to reduce their carbon footprint and adopt cleaner technologies. Additionally, the government has also launched the National Climate Change Strategy, which aims to reduce Singapore’s greenhouse gas emissions by 36% by 2030. These initiatives create a favorable environment for companies to invest in carbon credits, thereby driving the growth of the market.

Furthermore, the increasing awareness among businesses about the environmental impacts of their operations and the growing need to align with sustainable practices are also fueling the demand for carbon credits. By purchasing carbon credits, companies can offset their carbon emissions and contribute to environmental sustainability.

Singapore Carbon Credit Market Report Snapshot:

Report Coverage

Details

Study Period

2023 – 2030

Base Year of Estimation

2022

CAGR

21.0 %

Largest Market

Singapore

Market Concentration

High

Major Players

Climate Impact X, Carbon Credit Capital, Carbonbay, Southpole, Triple Oxygen and Among Others.

Segments Covered

By Project Type, By Trading Type, By End User

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Trends

• Mainstreaming of Carbon Credits and Trading
• Live Streaming Taking Off

Key Market Takeaways:

The Singapore Carbon Credit Market Size is anticipated to witness a CAGR of 21% during the forecast period 2023-2030, owing to the growing demand for renewable energy projects.On the basis of project type, the renewable energy segment is expected to hold a dominant position, owing to the increasing focus on clean energy generation and reducing carbon emissions. Additionally, over the counter trading is expected to dominate the market in terms of trading type, due to its flexibility and ease of use.On the basis of region, Singapore is expected to hold a dominant position over the forecast period. Singapore’s commitment to environmental sustainability and its efforts to promote carbon neutrality make it an ideal market for carbon credit trading.Key players operating in the Singapore Carbon Credit Market include Climate Impact X, Carbon Credit Capital, Carbonbay, Southpole, and Triple Oxygen. These players contribute to the market’s growth through their expertise and services in carbon credit trading. Their presence in the market strengthens the overall trading ecosystem and provides market participants with a variety of options for carbon credit trading.

Market Trends:

One of the key trends in the Singapore Carbon Credit Market is the growing adoption of carbon offset projects by businesses. Companies are investing in projects that aim to reduce carbon emissions or remove carbon dioxide from the atmosphere, such as renewable energy projects, afforestation programs, and energy efficiency initiatives. This trend is driven by the desire of businesses to demonstrate their commitment to sustainability and meet their corporate social responsibility goals.

Another trend in the market is the emergence of blockchain technology in the carbon credit market. Blockchain can provide a transparent and secure system for tracking and trading carbon credits. It enables verification of carbon emissions reductions and ensures the integrity and authenticity of carbon credits. This technology has the potential to streamline the carbon credit market and increase trust among participants.

Recent Developments 

In September 2022, Carbonbay announced the launch of its carbon trading and offsetting platform tailored for Asia Pacific markets. The platform enables organizations to buy carbon credits and helps develop regional offset projects.In November 2020, Carbon Credit Capital launched the world’s first regulated tokenized carbon credits called Carbon Tokens. Each token represents one carbon credit and can be traded on digital exchanges.

Read complete market research report, “Singapore Carbon Credit Market Size And Share Analysis – Growth Trends And Forecasts (2023 – 2030)“, Published by CoherentMI.

Market Opportunities:

Growing Demand for Renewable Energy Projects

The Singapore Carbon Credit Market is anticipated to witness a CAGR of 21% during the forecast period 2023-2030, owing to the growing demand for renewable energy projects. Renewable energy is expected to be the dominating segment in terms of project type, holding a dominant position. This can be attributed to the increasing awareness about climate change and the need to transition to cleaner energy sources. As Singapore aims to reduce its carbon footprint and promote renewable energy generation, there is a significant opportunity for carbon credit trading in this sector.

Rapid Development of Over the Counter Trading

Another market opportunity in the Singapore Carbon Credit Market is the rapid development of over the counter trading. Over the counter trading is expected to be the dominating trading type in the market. This can be attributed to its flexibility and ease of use, allowing participants to directly negotiate and trade carbon credits without the need for a centralized exchange. As a result, over the counter trading provides a more efficient and customized approach to carbon credit trading, leading to its growing popularity in the market.

In conclusion, the Singapore Carbon Credit Market presents significant market opportunities in the form of growing demand for renewable energy projects and the rapid development of over the counter trading. With Singapore’s commitment to environmental sustainability, the market is poised for growth in the coming years. Key players in the market play a crucial role in facilitating carbon credit trading and contributing to the market’s overall growth.

Singapore Carbon Credit Market Segmentation:

By Project TypeRenewable energyEnergy efficiencyWaste managementForestry and land useHousehold devicesFuel switchingOthersBy Trading TypeOver the counterExchange TradedMerchandiseProject BasedOthers (futures, options etc)By End UserCorporationsGovernmentsBroker & ExchangeProject DevelopersIndividualsOthers (NGOs, public sector agencies etc.)

Purchase this Exclusive report here: https://www.coherentmi.com/industry-reports/singapore-carbon-credit-market/buyNow

Top Questions Answered in this Report:

1.  What factors are impeding the growth of the Singapore Carbon Credit Market?

2.  What are the primary drivers fueling the growth of the Singapore Carbon Credit Market?

3.  Which segment dominates as the leading component in the Singapore Carbon Credit Market?

4.  Who are the key players actively participating in the Singapore Carbon Credit Market?

5.  Which region is expected to take the lead in the Singapore Carbon Credit Market?

6.  What is the projected CAGR of the Singapore Carbon Credit Market?

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About Us:

At CoherentMI, we are a leading global market intelligence company dedicated to providing comprehensive insights, analysis, and strategic solutions to empower businesses and organizations worldwide. Moreover, CoherentMI is a subsidiary of Coherent Market Insights Pvt Ltd., which is a market intelligence and consulting organization that helps businesses in critical business decisions. With our cutting-edge technology and experienced team of industry experts, we deliver actionable intelligence that helps our clients make informed decisions and stay ahead in today’s rapidly changing business landscape.

Contact Us:

Mr. Shah
Senior Client Partner – Business Development
CoherentMI
Phone:
U.S.: +1-206-701-6702
U.K: +44-020-8133-4027
JAPAN: +81-50-5539-1737
INDIA: +91-848-285-0837
Email: sales@coherentmi.com
Website: https://www.coherentmi.com

Logo: https://mma.prnewswire.com/media/902389/Coherent_Market_Insights_Logo.jpg 

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ST Engineering iDirect and MBSat Partner to Build Next-Generation Sovereign Connectivity Services Across Oman and the Middle East

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Intuition ground system selected to support MBSat’s planned 2027 service launch, enabling accelerated deployment, dynamic resource management and scalable service growth

HERNDON, Va., Oct. 25, 2026 /PRNewswire/ — ST Engineering iDirect today announced a strategic partnership with Mohammed Al Barwani Satellite Company (MBSat), part of Mohammed Al Barwani Group, to provide the ground system technology foundation for MBSat’s next-generation satellite gateway and network operations across Oman and the wider Middle East region. Intuition will provide a flexible, software-defined foundation to support sovereign connectivity services, enabling efficient service deployment, dynamic resource management and scalable network operations.

Intuition will deliver a turnkey ground segment solution that accelerates deployment, simplifies operations and gives MBSat the flexibility to scale services as demand grows. The software-defined platform enables dynamic resource management, service automation and seamless integration with existing and future operational systems. The solution also includes Ka-band gateway infrastructure, service provisioning and management capabilities, open API integration frameworks, training and full-lifecycle support. Together, these capabilities will help MBSat launch and operate services efficiently while adapting to evolving market requirements.

The network will leverage capacity from MB Sat-1, a sovereign MicroGEO satellite, with planned service launch in 2027, to support flexible, scalable connectivity services across the region.

The partnership reflects growing investment in sovereign communications infrastructure across the Middle East as operators seek greater control over service delivery, network expansion and long-term technology evolution.

“This partnership represents an important milestone in our efforts to build an advanced satellite communications platform in Oman and the region,” said Ammar Al Rawahi, General Manager, MBSat. “Through our collaboration with ST Engineering iDirect, we are establishing the technical infrastructure required to launch services efficiently, respond to evolving customer needs and expand into new markets, supporting the sustainable long-term growth of our business.”

“We are providing MBSat with a flexible, software-defined ground platform that integrates with its existing operational environment,” said Sridhar Kuppanna, Chief Executive Officer, ST Engineering iDirect. “This enables more efficient service deployment and operations today, with the flexibility to scale, introduce new capabilities and evolve as requirements change.”

About ST Engineering iDirect

ST Engineering iDirect, a subsidiary of ST Engineering, is a global leader in satellite communications, providing technology and solutions that enable its customers to expand their business, differentiate their services and optimize their networks. Through its portfolio of ground infrastructure, intelligent networking and advanced satellite communications solutions, the company supports operators, service providers, governments and enterprises worldwide.

View original content to download multimedia:https://www.prnewswire.com/news-releases/st-engineering-idirect-and-mbsat-partner-to-build-next-generation-sovereign-connectivity-services-across-oman-and-the-middle-east-302918467.html

SOURCE ST Engineering iDirect

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Technology

ST Engineering iDirect and MBSat Partner to Build Next-Generation Sovereign Connectivity Services Across Oman and the Middle East

Published

on

By

Intuition ground system selected to support MBSat’s planned 2027 service launch, enabling accelerated deployment, dynamic resource management and scalable service growth

HERNDON, Va., Oct. 25, 2026 /PRNewswire/ — ST Engineering iDirect today announced a strategic partnership with Mohammed Al Barwani Satellite Company (MBSat), part of Mohammed Al Barwani Group, to provide the ground system technology foundation for MBSat’s next-generation satellite gateway and network operations across Oman and the wider Middle East region. Intuition will provide a flexible, software-defined foundation to support sovereign connectivity services, enabling efficient service deployment, dynamic resource management and scalable network operations.

Intuition will deliver a turnkey ground segment solution that accelerates deployment, simplifies operations and gives MBSat the flexibility to scale services as demand grows. The software-defined platform enables dynamic resource management, service automation and seamless integration with existing and future operational systems. The solution also includes Ka-band gateway infrastructure, service provisioning and management capabilities, open API integration frameworks, training and full-lifecycle support. Together, these capabilities will help MBSat launch and operate services efficiently while adapting to evolving market requirements.

The network will leverage capacity from MB Sat-1, a sovereign MicroGEO satellite, with planned service launch in 2027, to support flexible, scalable connectivity services across the region.

The partnership reflects growing investment in sovereign communications infrastructure across the Middle East as operators seek greater control over service delivery, network expansion and long-term technology evolution.

“This partnership represents an important milestone in our efforts to build an advanced satellite communications platform in Oman and the region,” said Ammar Al Rawahi, General Manager, MBSat. “Through our collaboration with ST Engineering iDirect, we are establishing the technical infrastructure required to launch services efficiently, respond to evolving customer needs and expand into new markets, supporting the sustainable long-term growth of our business.”

“We are providing MBSat with a flexible, software-defined ground platform that integrates with its existing operational environment,” said Sridhar Kuppanna, Chief Executive Officer, ST Engineering iDirect. “This enables more efficient service deployment and operations today, with the flexibility to scale, introduce new capabilities and evolve as requirements change.”

About ST Engineering iDirect

ST Engineering iDirect, a subsidiary of ST Engineering, is a global leader in satellite communications, providing technology and solutions that enable its customers to expand their business, differentiate their services and optimize their networks. Through its portfolio of ground infrastructure, intelligent networking and advanced satellite communications solutions, the company supports operators, service providers, governments and enterprises worldwide.

View original content to download multimedia:https://www.prnewswire.com/news-releases/st-engineering-idirect-and-mbsat-partner-to-build-next-generation-sovereign-connectivity-services-across-oman-and-the-middle-east-302918467.html

SOURCE ST Engineering iDirect

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Global Security & Technology Summit Unveils Month-Long Program of Activities Ahead of December Event

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RIYADH, Saudi Arabia, Oct. 24, 2026 /PRNewswire/ — The Organizing Committee of the Global Security & Technology Summit (GSTS) held an introductory session today at the Ministry of Interior’s headquarters in Riyadh, bringing together representatives from the government, private, and nonprofit sectors to introduce the program of activities leading up to the summit. The upcoming summit will be held in Riyadh under the patronage of HRH Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, under the supervision of HRH Prince Abdulaziz bin Saud bin Naif bin Abdulaziz Al Saud, Minister of Interior, and organized by the Ministry of Interior in cooperation with Tuwaiq Academy.

During the session, the Organizing Committee presented the comprehensive GSTS program, comprising three key components: GSTS Month, running from November 1 to 30, 2026; the Global Security & Innovation Fair (SAIF), taking place from November 24 to 26, 2026; and the main Summit, scheduled for December 18 to 20, 2026, in Riyadh. Together, these events form an integrated program designed to advance security and technology innovation, strengthen national capabilities, and foster international cooperation.

GSTS Month will feature working groups, boot camps, training programs, knowledge-sharing sessions, and technical workshops across Saudi Arabia’s 13 administrative regions, delivered both in person and remotely in collaboration with specialized entities. The month-long program aims to develop national capabilities, identify emerging talent, enrich knowledge-sharing opportunities, and equip professionals with the knowledge and skills needed to develop innovative solutions to future security and technology challenges.

The main Summit will bring together global leaders, decision-makers, experts, and innovators to explore the future of security and technology, promote the integration of advanced technologies within the security sector, strengthen national capabilities, support innovation, and foster international cooperation, further positioning the Kingdom as a global hub for security and technology.

Showcasing the latest technological breakthroughs and security solutions, the summit will bring together government entities, private sector organizations, academic institutions, and research centers to facilitate knowledge exchange and collaboration across key fields, including cybersecurity, artificial intelligence (AI), the Internet of Things (IoT), smart security solutions, emerging technologies, and crisis management. The program will also feature main sessions, specialized discussions, and interactive exhibitions. Registration is available at gsts.sa.

Advisor to HRH the Minister of Interior and Chairman of the GSTS Organizing Committee, Ahmed Altowayan, stated that the summit builds on Saudi Arabia’s efforts to establish an advanced security and technology ecosystem focused on knowledge and innovation, keeping pace with rapid developments and future challenges.

Mr. Altowayan noted that the summit is a global platform for strengthening cooperation and exchanging expertise, anticipating future developments in security and technology, and developing strategic partnerships and innovative solutions that enhance the efficiency and readiness of security systems.

Vice Chairman of the GSTS Organizing Committee, Eng. Abdulaziz Alhammadi, said that the summit will offer a range of integrated programs and activities focused on enhancing national skills, encouraging innovation, and supporting international cooperation.

He added that GSTS Month will help build national capabilities, discover talent, and develop skills, with SAIF providing a platform for innovators and researchers from around the world to showcase leading technological solutions, while the main Summit will bring together leaders and experts to discuss the future of security and technology and explore new strategic partnership opportunities.

SAIF will take place at the Riyadh International Convention & Exhibition Center, bringing together innovators, researchers, technology talents, and industry experts from around the world to showcase promising innovations and projects across 14 fields of technology and innovation. The fair will provide opportunities to engage with project owners, including students, graduates, and entrepreneurs, and explore the different stages of innovation development through interactive zones, panel discussions on emerging security and innovation trends, and knowledge-sharing workshops led by specialists. Visitor registration is open to participants from within and outside the Kingdom through saifair.sa.

The introductory session also featured contributions from representatives of government, private, and nonprofit sector entities, alongside members of the media. Discussions focused on developing national capabilities in security and technology, strengthening students’ technical expertise, translating scientific research into practical solutions, and supporting Saudi companies in developing security and technology solutions and advancing digital transformation.

Organized by the Ministry of Interior in cooperation with Tuwaiq Academy, GSTS is produced by Tahaluf, with the Ministry of Education serving as Strategic Scientific Partner, Tahakom as Founding Partner, and Elm as Principal Partner.

Registration for participants from within and outside the Kingdom is available at gsts.sa.

Click here to view the media kit. 

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