Singapore’s National Climate Strategy aims to transform the country into a regional and global hub for the export of environmental services, including carbon credit trading. The strategy is aimed at maintaining Singapore’s position as one of the world’s centers of manufacturing industry, which is the country’s largest emitter of greenhouse gases. While Singapore has already largely exhausted its renewable energy options, industrial companies see carbon credits as an important tool for decarbonization and demethanization. In parallel, Singapore is actively involved in scaling up the global carbon credit trade. In various scenarios Singapore’s added value from carbon trading services could reach 1.8−5.6 billion by 2050.