Global environmental markets exchange Climate Impact X has launched the CIX SG ICC Gateway, a centralised procurement venue designed to streamline how commercial entities source and acquire eligible international carbon credits under Singapore’s International Carbon Credit Framework.
Supported by the Singapore Economic Development Board, the gateway provides a dedicated channel for companies subject to Singapore’s carbon tax. Under existing regulations, tax-liable firms may utilise eligible international credits to offset up to 5 per cent of their taxable emissions, offering operational flexibility alongside core decarbonisation mandates.
By consolidating corporate demand, the new venue reduces the administrative and technical burdens associated with direct credit procurement, eliminating the need for individual companies to establish independent sourcing, legal contracting, and settlement infrastructure. The platform leverages Climate Impact X’s existing market architecture, which connects directly to all framework-approved carbon registries and supports transparent price discovery alongside live cross-border Article 6 and aviation CORSIA credit transactions.
The gateway offers flexible procurement routes tailored to varying corporate requirements, ranging from pooled spot market purchasing to custom contracting structures aligned with supply availability. The initiative is structured around a clear compliance hierarchy that prioritises direct emissions reductions, followed by the strategic use of eligible credits for permitted residual emissions, with the standard carbon tax rate applied to remaining liabilities.
Oi-Yee Choo, Chief Executive Officer of Climate Impact X, stated that carbon procurement remains complex due to fragmented supply, intricate eligibility rules, and specialized diligence requirements. She noted that consolidating buyer demand provides infrastructure that simplifies compliance while signaling clear volume requirements to international project developers.
Lim Wey-Len, Executive Vice President at the Economic Development Board, added that connecting verified climate projects with aggregate corporate demand accelerates market access, driving capital toward high-integrity carbon reduction initiatives while reinforcing Singapore’s role as a regional carbon services hub.
