KUALA LUMPUR, May 5 (Bernama) -- United States (US)-based climate solutions provider, 3Degrees has announced the expansion of its carbon asset development operations in Singapore, strengthening its capabilities to support carbon projects aligned with Article 6 of the Paris Agreement across Southeast Asia.
The initiative is supported by the Singapore Economic Development Board (EDB)’s Carbon Project Development grant, which aims to facilitate early-stage development and financing of Article 6-aligned carbon credit projects.
The move is part of its broader Asia Pacific strategy to deliver credible, science-based climate solutions and meet rising regional demand for high-integrity carbon credits, according to a statement.
3Degrees Chief Executive Officer, Philippe Vedrenne said: “Singapore has emerged as a leader in building a transparent, high-integrity carbon ecosystem—and we are honoured to support that vision.
“With EDB’s partnership, 3Degrees is committed to building a pipeline of transformative carbon projects across Southeast Asia that deliver real impact, both for the climate and local communities.”
Meanwhile, EDB Executive Vice President, Lim Wey-Len welcomed the investment, noting that it would contribute to Singapore’s position as a carbon services and trading hub.
“3Degrees’ experience in carbon project development will support the growth of local expertise and create quality jobs for Singaporeans,” he said.
The company’s expansion leverages nearly two decades of market experience and a robust network of technical experts, policy specialists, and on-the-ground partners to operationalise Article 6 through scalable project development.
Through the initiative, 3Degrees plans to deepen engagement with local stakeholders and scale both nature-based and technology-driven carbon solutions throughout Southeast Asia.
-- BERNAMA
