Sylvera, a UK-based company providing carbon offset ratings, has expanded its operations to Singapore to advance the carbon credit market in the Asia-Pacific region. The company plans to open a new hub in Singapore in collaboration with the Singaporean government to support its goals for the Paris Agreement.

In addition, the company partnered with AirCarbon Exchange, a Singapore-based voluntary carbon market. The partners expect to launch Sylvera A-rated nature contracts for large-scale trading of carbon credits with Sylvera’s automated carbon project evaluations.

Sylvera also partnered with Singapore-based carbon marketplaces, such as Climate Impact X and Ureca, to standardize and expand the carbon market. Through these actions, Sylvera aims to develop emissions trading centered in Singapore to scale climate financing in Asia.