Singapore will continue to work with like-minded partners to develop an overall well-functioning global carbon market and grow its local ecosystem, said Second Minister for Trade and Industry Tan See Leng. Speaking in reply to Parliamentary questions on Tuesday (May 11), he said the Government is working with industry, international and local experts, as well as environmental groups to address the risks and develop guidelines on the quality of carbon credits. It is also looking at establishing a marketplace and exchange to improve transparency in carbon credit transactions.