IDEAS home Printed from https://ideas.repec.org/p/osf/socarx/2j5nd_v1.html
   My bibliography  Save this paper

Singapore’s Carbon Credit Trading Hub: an overview

Author

Listed:
  • Li, Ruoxuan

Abstract

This review investigates Singapore’s emergence as a carbon credit trading hub and its evolving role in shaping Southeast Asia’s climate finance architecture. Drawing on a narrative-integrative methodology, the paper synthesizes grey literature, government policy, institutional reports, and verified academic sources to critically assess how Singapore constructs and governs its carbon market platform. The analysis is structured around three interrelated questions: (1) how Singapore builds its institutional and financial infrastructure to mediate carbon flows; (2) how public and private actors coordinate to establish authority and credibility within a hybrid governance model; and (3) how the platform-based architecture produces both opportunities and asymmetries across the ASEAN region. Conceptually, the paper engages with theories of platform capitalism, soft market regulation, and green financial intermediation to interpret Singapore’s infrastructural strategy. The findings suggest that Singapore’s market-oriented approach—anchored by mechanisms such as Climate Impact X, Article 6 bilateral agreements, and green financial instruments—functions not only as a facilitator of decarbonization but also as a gatekeeper of regional participation. While this model enables cross-border interoperability and enhances access to global climate finance, it also introduces risks of institutional dependency and normative concentration. The paper concludes by identifying gaps in current scholarship and proposing a future research agenda focused on comparative carbon governance, platform power, and the political economy of Article 6 implementation in Asia.

Suggested Citation

  • Li, Ruoxuan, 2025. "Singapore’s Carbon Credit Trading Hub: an overview," SocArXiv 2j5nd_v1, Center for Open Science.
    • Handle: RePEc:osf:socarx:2j5nd_v1
    DOI: 10.31219/osf.io/2j5nd_v1
    as

    Download full text from publisher

    File URL: https://osf.io/download/67ffabfc19ff8d61d0cc4998/
    Download Restriction: no
    File URL: https://libkey.io/10.31219/osf.io/2j5nd_v1?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Fuchs, Doris & Glaab, Katharina, 2011. "Material power and normative conflict in global and local agrifood governance: The lessons of ‘Golden Rice’ in India," Food Policy, Elsevier, vol. 36(6), pages 729-735.
    2. Calel, Raphael & Dechezlepretre, Antoine & Venmans, Frank, 2023. "Policing carbon markets," LSE Research Online Documents on Economics 120565, London School of Economics and Political Science, LSE Library.
    3. Snyder, Hannah, 2019. "Literature review as a research methodology: An overview and guidelines," Journal of Business Research, Elsevier, vol. 104(C), pages 333-339.
    4. Steven Bernstein & Benjamin Cashore, 2007. "Can non‐state global governance be legitimate? An analytical framework," Regulation & Governance, John Wiley & Sons, vol. 1(4), pages 347-371, December.
    5. Jessica F. Green, 2013. "Order out of Chaos: Public and Private Rules for Managing Carbon," Global Environmental Politics, MIT Press, vol. 13(2), pages 1-25, May.
    6. Frank Biermann & Philipp Pattberg & Harro van Asselt & Fariborz Zelli, 2009. "The Fragmentation of Global Governance Architectures: A Framework for Analysis," Global Environmental Politics, MIT Press, vol. 9(4), pages 14-40, November.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Philipp Pattberg, 2017. "The emergence of carbon disclosure: Exploring the role of governance entrepreneurs," Environment and Planning C, , vol. 35(8), pages 1437-1455, December.
    2. Lasse Folke Henriksen & Stefano Ponte, 2018. "Public orchestration, social networks, and transnational environmental governance: Lessons from the aviation industry," Regulation & Governance, John Wiley & Sons, vol. 12(1), pages 23-45, March.
    3. Benjamin Cashore & Jette Steen Knudsen & Jeremy Moon & Hamish van der Ven, 2021. "Private authority and public policy interactions in global context: Governance spheres for problem solving," Regulation & Governance, John Wiley & Sons, vol. 15(4), pages 1166-1182, October.
    4. Maryono, Maryono & Killoes, Aditya Marendra & Adhikari, Rajendra & Abdul Aziz, Ammar, 2024. "Agriculture development through multi-stakeholder partnerships in developing countries: A systematic literature review," Agricultural Systems, Elsevier, vol. 213(C).
    5. Ali Zackery & Joseph Amankwah-Amoah & Zahra Heidari Darani & Shiva Ghasemi, 2022. "COVID-19 Research in Business and Management: A Review and Future Research Agenda," Sustainability, MDPI, vol. 14(16), pages 1-32, August.
    6. Peter Schnell & Phillip Haag & Hans Christian Jünger, 2022. "Implementation of Digital Technologies in Construction Companies: Establishing a Holistic Process which Addresses Current Barriers," Businesses, MDPI, vol. 3(1), pages 1-18, December.
    7. Reinsberg,Bernhard Wilfried & Michaelowa,Katharina & Knack,Stephen, 2015. "Which donors, which funds ? the choice of multilateral funds by bilateral donors at the World Bank," Policy Research Working Paper Series 7441, The World Bank.
    8. Chen, Yanyan & Mandler, Timo & Meyer-Waarden, Lars, 2021. "Three decades of research on loyalty programs: A literature review and future research agenda," Journal of Business Research, Elsevier, vol. 124(C), pages 179-197.
    9. Fabio Magnacca & Riccardo Giannetti, 2024. "Management accounting and new product development: a systematic literature review and future research directions," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 28(2), pages 651-685, June.
    10. Hongxia Jin & Lu Lu & Haojun Fan, 2022. "Global Trends and Research Hotspots in Long COVID: A Bibliometric Analysis," IJERPH, MDPI, vol. 19(6), pages 1-14, March.
    11. Heike Schroeder, 2010. "Agency in international climate negotiations: the case of indigenous peoples and avoided deforestation," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 10(4), pages 317-332, December.
    12. Amal Almansour & Reem Alotaibi & Hajar Alharbi, 2022. "Text-rating review discrepancy (TRRD): an integrative review and implications for research," Future Business Journal, Springer, vol. 8(1), pages 1-15, December.
    13. repec:osf:socarx:n9dhz_v1 is not listed on IDEAS
    14. Pomerlyan, Evgeniya & Belitski, Maksim, 2023. "Integration - Growth relationship: A literature review and future research agenda using a TCCM approach," European Management Journal, Elsevier, vol. 41(6), pages 1106-1118.
    15. Švarc, Jadranka & Dabić, Marina, 2021. "Transformative innovation policy or how to escape peripheral policy paradox in European research peripheral countries," Technology in Society, Elsevier, vol. 67(C).
    16. So, Hau Wing & Lafortezza, Raffaele, 2022. "Reviewing the impacts of eco-labelling of forest products on different dimensions of sustainability in Europe," Forest Policy and Economics, Elsevier, vol. 145(C).
    17. Simon Hartmann & Thomas Lindner & Jakob Müllner & Jonas Puck, 2022. "Beyond the nation-state: Anchoring supranational institutions in international business research," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 53(6), pages 1282-1306, August.
    18. Alexander Salmen, 2021. "New Product Launch Success: A Literature Review," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 69(1), pages 151-176.
    19. Godart, Frédéric & Pistilli, Luca, 2024. "The multifaceted concept of disruption: A typology," Journal of Business Research, Elsevier, vol. 170(C).
    20. Xintong Li & Sihan Li, 2025. "How Shakespeare’s works have been reinterpreted, adapted and reshaped: a bibliometric review and trend analysis of Shakespeare studies from 2000 to 2023," Palgrave Communications, Palgrave Macmillan, vol. 12(1), pages 1-15, December.
    21. Halim Lee & Jaewon Son & Dayoon Joo & Jinhyeok Ha & Seongreal Yun & Chul-Hee Lim & Woo-Kyun Lee, 2020. "Sustainable Water Security Based on the SDG Framework: A Case Study of the 2019 Metro Manila Water Crisis," Sustainability, MDPI, vol. 12(17), pages 1-19, August.

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:osf:socarx:2j5nd_v1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: OSF (email available below). General contact details of provider: https://arabixiv.org .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.