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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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VYLIT OPENS ITS CREATOR ADVISORY BOARD, GIVING CREATORS EQUITY IN THE PLATFORM

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Reality star & chef Dom DeAngelis, model & creator Cydney Moreau, and creator-entrepreneur Crystal Jackson named as founding members, with applications now open for creators who want a voice in how the platform is shaped

MIAMI, July 23, 2026 /PRNewswire/ — Vylit, the 18+ creator-first social platform co-founded by Ami Gan, former CEO of OnlyFans, and seasoned entrepreneur Kailey Magder, is opening applications for its Creator Advisory Board, which will include a select group of creators that will have a strong voice in shaping the platform they use and earn on.

Vylit is inviting creators not just to join the platform, but to help build it, with real shares in the company reserved for those who contribute to its growth, culture and direction. The Creator Advisory Board will give creators a direct voice in building Vylit’s community, the platform’s development and creator tools, along with ownership in the business they’re helping grow.

Applications are now open. Creators can apply by emailing vylit@vylitworld.com with their name, bio and social handles.

Vylit is launching the board with three founding members who show the range of creators it’s built for.

Dominic DeAngelis, known from YouTube and Vanderpump Villa, where his culinary skills earned recognition from viewers around the world, has been using the platform to share behind-the-scenes and day-in-the-life content with his subscribers — the kind of direct, monetized relationship with fans that Vylit is designed around.

“Social media sucks right now. The algorithms are negative, you don’t even see the people you follow anymore, and creators are struggling to find real connections with their fans,” said DeAngelis. “I’m thrilled to be part of a platform that’s doing it differently. Vylit is actually listening to creators and building with us, not just for us.”

Cydney Moreau, a Louisiana-born former track athlete turned model and creator with a following across fitness, fashion and lifestyle, balances her work with life as a mom. Vylit is where she’s turning that following into a business for the first time, on her own terms.

“As someone who is monetizing my content for the first time, knowing that I will have a say in how the platform treats other creators means everything,” said Moreau. “It’s not every day a platform actually wants creators in the room while they’re building it. Knowing Vylit is making decisions with our interests at heart gives me the confidence to build here, and I’m excited to help shape where this goes.”

Crystal Jackson, known to millions of followers as Mrs. Poindexter, is the co-founder of EssentL, a company building business infrastructure and benefits for creators. A former engineer turned multi-platform creator and entrepreneur, she brings an operator’s understanding of what creators actually need from the platforms they build on.

“I’ve spent years building an audience and a business across platforms that weren’t built for today’s creator ecosystem,” said Jackson. “What drew me to Vylit is that they’re handing creators actual ownership and a real say in the decisions that affect us. That’s not something I’ve seen anyone else do, and I want to help build it right.”

Since launching, Vylit has positioned itself as the “HBO of social media,” a space between traditional social media and adult subscription platforms, where creators can be expressive, marketable and in control. The Creator Advisory Board takes that further. Rather than building the platform for creators and handing it over, Vylit is building it with them, giving them direct ownership and a say in its direction.

“The users driving value should have a say in the business,” said Ami Gan, Co-Founder and CEO of Vylit. “Creators understand culture and digital monetization better than anyone. At Vylit, that expertise earns them a real seat at the table.”

“We didn’t want to build another platform where creators show up after the fact,” added Kailey Magder, Co-Founder and COO of Vylit. “We want them involved from day one, shaping the product, the community and the direction of the business.”

Vylit truly puts creators in charge, giving them real ownership and a direct say in how the platform evolves. The Creator Advisory Board is just the start.

To learn more, visit https://vylitworld.com/ 

To access the media kit, click here.

ABOUT VYLIT
Vylit is an 18+ creator-first social platform redefining how adults share, discover and monetize content. Co-founded by Amrapali (Ami) Gan and Kailey Magder, Vylit was created to fill the gap between traditional social media and creator platforms, offering a premium digital experience for expression. Built as “the HBO of social media,” the platform allows topless content while prohibiting explicit material, giving creators greater freedom. Vylit combines social connectivity with built-in monetization, interest-based discovery through its Vybe Matching Engine, and in-house AI Image Generation and Chat tools designed for its users. Learn more at www.vylitworld.com.

FOR PRESS INQUIRIES
pr@vylitworld.com 

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CNBC Names PayJoy one of the World’s Top FinTech Companies of 2026

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Recognition highlights PayJoy’s leadership in emerging market consumer finance

SAN FRANCISCO, July 23, 2026 /PRNewswire/ — CNBC and Statista have named PayJoy to the “World’s Top Fintech Companies 2026,” which honors companies providing digital funding and bank-independent lending solutions for individuals and businesses. PayJoy is a leading financial services provider for underserved consumers across emerging markets.

Now in its fourth edition, the ranking identifies 500 leading companies across eight fintech market segments worldwide, including Payments, Neobanking, Wealth Technology, Digital Assets, Enterprise Fintech, Insurtech, Regtech, and Alternative Financing. Companies were evaluated using an aggregated scoring model built on both general and segment-specific KPIs, drawing on desk research from publicly available sources alongside company self-reports submitted through an open application process.

PayJoy’s inclusion reflects its work bringing credit access to the emerging middle class in Mexico, Colombia, Brazil, Panama, Peru, Ecuador, South Africa, the Philippines, and Indonesia, nine countries where traditional financial infrastructure has long excluded first-time borrowers.

“This recognition from CNBC and Statista is a meaningful validation of the work our team does every day,” said Doug Ricket, PayJoy CEO and Co-Founder. “Millions of people across the markets we serve are building credit for the first time through PayJoy. Being named among the world’s top fintech companies reflects the scale and impact of that work.”

For more information on the full ranking, visit https://www.cnbc.com/worlds-top-fintech-companies-2026/ 

About PayJoy
PayJoy expands credit access across emerging markets through point-of-sale financing and card offerings. Its proprietary secured-credit technology enables first-time borrowers to responsibly build financial stability and participate fully in the modern economy. Through its cutting-edge machine learning, data science, and anti-fraud AI, PayJoy has financed over $3.5 billion of loans to more than 20 million people and employs over 1,000 people worldwide. For more information, visit https://www.payjoy.com/ 

Contact
payjoy@thekeypr.com

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Youngstown Innovation Hub Breaks Ground at YBI’s 107 Building

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YOUNGSTOWN, Ohio, July 23, 2026 /PRNewswire/ — As the United States works to strengthen its aerospace and defense manufacturing base, the Youngstown Innovation Hub for Aerospace & Defense broke ground today on YBI‘s 107 Building in downtown Youngstown, positioning the region as a national proving ground for advanced and additive manufacturing. The Hub is managed by the National Center for Defense Manufacturing and Machining (NCDMM).

Youngstown Innovation Hub for Aerospace & Defense breaks ground at YBI’s 107 Building.

The Hub is one of four Innovation Hubs established across Ohio as part of a statewide initiative to strengthen innovation-driven economic growth. Once complete, it is projected to generate approximately $161.6 million in economic impact, create 450 new jobs, and produce 185 new STEM credential opportunities and 40 internship opportunities by 2029.

The groundbreaking comes as Ohio was recently ranked the No. 1 state for business in America by CNBC’s 2026 America’s Top States for Business rankings, up from No. 5 in 2025.

Ohio Lt. Governor Jim Tressel attended and delivered remarks at the ceremony.

“Today is about more than renovating a building. It’s about building opportunity for Ohioans,” said Lt. Governor Tressel. “The Mahoning Valley has always been defined by the people who make things, solve problems, and never stop working toward a better future. This Innovation Hub builds on that proud tradition while preparing the next generation for in-demand careers in manufacturing.”

Hub and YBI leadership also spoke at the ceremony.

“Today’s groundbreaking of the Youngstown Innovation Hub represents much more than the start of a building renovation. It reflects what can happen when state, regional, industry, academic, and community partners come together around a shared vision for the future of manufacturing, aerospace and defense innovation,” said Megan Malara, Ph.D., director of the Youngstown Innovation Hub.

The renovation is made possible in part by a $750,000 state capital investment. Ohio State Sen. Al Cutrona and state Rep. Lauren McNally were credited with helping advance the funding request through the legislative process. YBI also recognized the broader Lake to River legislative delegation, including state Reps. Nick Santucci, Tex Fischer, Monica Robb Blasdel, Dave Thomas, and Sarah Fowler Arthur, for their support, as well as U.S. Sens. Jon Husted and Bernie Moreno for their support of the project in the U.S. Senate.

Speakers at the ceremony included Ohio Lt. Gov. Jim Tressel; Lydia Mihalik, director of the Ohio Department of Development; Mary Mertz, director of the Ohio Department of Natural Resources; Julius Oliver, 1st Ward Councilman for the City of Youngstown; State Sen. Al Cutrona; State Rep. Nick Santucci; State Rep. Lauren McNally; and Megan Malara, Ph.D., director of the Youngstown Innovation Hub. Barb Ewing, CEO of YBI, served as master of ceremonies.

The City of Youngstown, which committed $1.35 million in local matching funds to the project, was represented at the ceremony. John Wilczynski, executive director of America Makes, attended, and Barb Ewing recognized Kimberly Gibson and Alexander Steeb of America Makes for their roles in advancing the project.

Upon completion, the five-story, 130,000-square-foot concrete-framed building will offer flexible space for offices, workspaces, and display areas, along with robust power capacity to support multiple high-demand tenants. The building’s security features, including limited access points and naturally separated manufacturing bays, are designed to meet U.S. Department of War contracting criteria, positioning tenants to compete directly for federal defense work.

“It’s great to finally be transitioning from talking about this project to actually working on it. We appreciate all the support we’ve had from our political leaders and the community. YBI is proud to be a part of the project team that’s changing the trajectory of the Mahoning Valley,” said Barb Ewing, CEO of YBI.

Companies looking to expand, relocate, or enter the aerospace and defense manufacturing sector are encouraged to visit the Youngstown Innovation Hub website at youngstownhub.us.

About the Youngstown Innovation Hub for Aerospace & Defense

Managed by the National Center for Defense Manufacturing and Machining (NCDMM), the Youngstown Innovation Hub is a national proving ground for advanced and additive manufacturing, strengthening U.S. aerospace and defense supply chains and workforce development. Learn more at youngstownhub.us.

About YBI

YBI is a globally recognized economic development nonprofit, advancing innovation and growth across Ohio and beyond. Through a flexible suite of high-quality entrepreneurial services and resources, YBI supports startups, small businesses, and manufacturers at every stage of development. For more information, visit ybi.org.

Media Contact:
Jessica Sprowl, Marketing and Communications Director, YBI
jsprowl@ybi.org

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