By
25 min ago 3 min read
German testing, inspection and certification company TÜV SÜD has opened a Global Decarbonisation Centre of Excellence (CoE) in Singapore, with more than $24m being invested to develop carbon market and digital verification infrastructure across Southeast Asia.
The centre will focus on carbon markets, digital monitoring, reporting and verification, energy transition, alternative fuels and industrial decarbonisation, as countries across the region look to develop new pathways for cutting emissions.
The launch comes as Singapore strengthens its position as a regional hub for carbon services and trading. The city-state is already home to around 160 carbon services and trading companies, according to TÜV SÜD.
The company said the CoE will help support implementation of Article 6 of the Paris Agreement, which provides a framework for countries to cooperate through international carbon markets.
TÜV SÜD’s move into the region comes against a backdrop of increasing cross-border decarbonisation activity involving Singapore and its neighbours.
As gasworld reported , Singapore and Indonesia have been exploring cooperation on green electricity exports, industrial estates and carbon capture and storage (CCS).
Singapore lacks the geological capacity for large-scale carbon dioxide storage, while Indonesia has potential storage capacity in depleted oil and gas reservoirs and saline aquifers.
The development of credible carbon accounting and verification systems will be important as such cross-border projects progress, particularly where emissions reductions, carbon ownership and liabilities need to be tracked across jurisdictions.
TÜV SÜD said its new centre will combine its independent validation and verification expertise with digital technology to provide an end-to-end dMRV ecosystem.
The initiative follows TÜV SÜD’s recent acquisition of Luxembourg-based SustainCERT, an accredited validation and verification body specialising in digital MRV.
The CoE will focus on Article 6 implementation and regulatory readiness; carbon markets and climate assurance; energy transition, alternative fuels and energy security; supply chain integrity and industrial decarbonisation; and capacity building for governments and industry.
TÜV SÜD also plans to develop methodologies for nature-based and blue economy projects. It said the centre will bring together project developers, dMRV providers, independent verification bodies and carbon registries from across ASEAN on a single digital platform by 2030.
“Progress depends on trust that can be verified,” said Patrick Vollmer, CEO and Chairman of the Board of TÜV SÜD AG.
“We are building on our strengths to accelerate decarbonisation and advance trusted climate solutions from Singapore for Asia and the world.”
