Global Carbon Market Utility
Shi Min Tan currently serves as Managing Director and Head of Policy, Standards and Regulatory Affairs at Global Carbon Market Utility since April 2025. Prior to this role, Shi Min Tan worked at the Monetary Authority of Singapore from July 2006 to November 2024, where responsibilities included directing the Sustainability Markets and Ecosystem Development Division, leading the Payments Policy Division, and shaping regulatory policies in consumer and SME lending. Shi Min Tan also played a significant role in establishing MAS's Beijing office and was involved in various strategic planning and financial development initiatives. Shi Min Tan holds a Bachelor of Accountancy from Nanyang Technological University Singapore and a Master in Public Administration from Peking University.
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Global Carbon Market Utility
Launched in 2022 at COP27, The Global Carbon Market Utility is a public utility designed to provide the infrastructure necessary to manage a trustworthy carbon market—including data management, contracts, audits, verification, and dispute resolution. This infrastructure will enable financial intermediaries, like banks and insurance companies, to enter the market, provide project financing, and house risk for end-buyers. The GCMU will plug directly into existing financial and regulatory infrastructure, helping to fill critical climate funding gaps quickly.