01
MAS CDMG
Carbon Markets Development Grant
- Window
- Through 2028-10-31
- Scale / rate
- Pool ~ S$15M
- Use
- Carbon trading team build-out & certification costs
Singapore Funding
Government Grants OverviewFour core funding channels
A layered funding structure spanning financial-sector development, enterprise grants, and green financing — illustrative only; eligibility and amounts follow official notices.
Flagship FI channel
02
EDG
Enterprise Development Grant
- Window
- Strengthened from 2026-04
- Scale / rate
- SME up to ~70%
- Use
- Platform development & advisory
03
EFS-Green
Enterprise Financing Scheme — Green
- Window
- Through 2031-03-31
- Scale / rate
- Govt ~70% loan risk share
- Use
- Bank facilities & certification costs
04
SPEED
Singapore Programme for Energy Efficiency & Decarbonisation
- Window
- Through 2033-03-31
- Scale / rate
- ~ S$800M
- Use
- MRV / low-carbon technology
Stacking tactics (illustrative)
Combine channels by project phase to ease early cash needs — not guaranteed approval; separate applications and compliance reviews apply.
| Channel | Indicative support | Cap / structure | Suggested use |
|---|---|---|---|
| EDG | SME ~70% / non-SME ~50% | ~ S$100,000 | ERP / IoT & platform build |
| EFS-Green | ~70% risk share | Per bank / scheme | Certification & green finance |
| SPEED | ~50% eligible | Per project review | MRV & low-carbon tech |
| MAS CDMG | Headcount/rent ~50% | ~ S$1.2M | Trading team & certification |
- EDG → prioritise ERP / IoT and advisory
- EFS-Green → bank facilities and certification costs
- Dual cover: operating grant + financing risk share assessed in parallel
Illustrative cadence 2026 Q3 – 2027 Q4
Execution rhythm only — not an official schedule
MAS Track 1
MAS CDMG deep dive
Carbon Markets Development Grant · Track 1
For financial institutions seeking to establish or expand carbon-market activity in Singapore. Financial-sector development fund; pre-approval required.
S$15M
Indicative pool
50%
Headcount / rent
S$1.2M
Indicative cap
3 yrs
Max delivery
May support carbon-asset trading team and certification costs (illustrative use — not a guaranteed scope)
Audience
Financial institutions building or expanding carbon-market activity in Singapore
Fund
Financial Sector Development Fund
Application
Pre-application required; submit at least 3 months before start
Support structure (illustrative)
Headcount / rent ~50% · Cap ~ S$1.2M
Opens 2025-11-01Closes 2028-10-31Up to 3 years
Application & delivery timeline
2025-11-01
Window opens
Track 1 opens; FIs may submit intent and proposals.
≥ 3 months before start
Submit application
File at least three months before project commencement.
Post-approval
Delivery up to 3 years
Team, premises, and certification costs used in phases per approval.
2028-10-31
Window closes
Pool and deadlines follow the latest MAS notices.
Track 1 at a glance
| Item | Detail (illustrative) |
|---|---|
| Audience | FIs establishing or expanding carbon-market activity in Singapore |
| Fund | Financial Sector Development Fund; pre-application required |
| Opens | 2025-11-01 |
| Closes | 2028-10-31 |
| Duration | Up to 3 years; submit ≥ 3 months before start |
| Headcount / rent | ~50% · cap ~ S$1.2M |
| Note | May cover carbon trading team and certification costs |