SG, Senegal ink MOU on carbon credits

The collaboration includes the identification of mutually beneficial carbon credit projects.

Singapore and Senegal signed a Memorandum of Understanding (MOU) to collaborate on carbon credits aligned with Article 6 of the Paris Agreement.

Under the MOU, both countries will exchange best practices and knowledge on carbon market mechanisms.

They will also work to identify mutually beneficial Article 6-compliant carbon credit projects that will support both countries in achieving their Nationally Determined Contributions (NDCs). 

“We are pleased to work with Senegal on this MOU to accelerate climate action. This agreement is an important milestone for both our countries in working together to meet our respective climate targets. We hope that it will spur climate investments, enable innovation and create jobs in our transition to a low-carbon future,” Permanent Secretary of the Ministry for Sustainability and the Environment Stanley Loh said.