Deputy Secretary (Industry) of the Ministry of Trade and Industry Mr Keith Tan and Minister of Environment of Rwanda Dr Jeanne d’Arc Mujawamariya signed a Memorandum of Understanding between Singapore and Rwanda to collaborate on carbon credits under Article 6 of the Paris Agreement. The signing was witnessed by Senior Minister, Coordinating Minister for National Security, and Chairman of the Inter-Ministerial Committee on Climate Change Teo Chee Hean. [Ministry of Communications and Information (MCI), Singapore]
SG, Rwanda ink MoU on carbon credit collaboration
The parties will collaborate on carbon credits aligned with Article 6.2 of the Paris Agreement.
Singapore has agreed to collaborate with Rwanda on carbon credits aligned with Article 6.2 of the Paris Agreement.
Under the memorandum of understanding (MoU) inked by the two parties, Singapore and Rwanda will also collaborate on related carbon market initiatives.
Initiatives include the exchange of best practices and knowledge on carbon market mechanisms between Rwanda and Singapore and the identification of mutually beneficial Article 6-compliant carbon credit projects that will support both countries in achieving their Nationally Determined Contributions (NDCs).
“This MOU signals both countries’ commitment to advancing climate ambition, with carbon markets as an enabler for positive climate action,” Deputy Secretary-Industry Keith Tan said.
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