Singapore firms may soon be able to trade carbon credits in the race to net zero

SINGAPORE firms may soon look to trade carbon credits as a means to commit to greening their businesses.

Beh Swan Gin, chairman of the Economic Development Board, on Tuesday said there are platforms emerging to allow firms to participate in carbon-credit trading here.

"This is very important for businesses that may not find themselves being able to reduce their carbon footprint directly, but through the purchase of carbon offsets," he said at a virtual conference hosted by Bank of Singapore.