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Laos, Singapore sign carbon credits agreement

SINGAPORE: Singapore and Laos signed an implementation agreement to collaborate on carbon credits under Article 6 of the Paris Agreement on Friday (Sept 4).

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老挝与新加坡签署碳信用协议

FILE PHOTO: A forested area in southern Laos. The collaboration between Laos and Singapore is expected to advance both countries' climate goals by directing financing towards unlocking additional emissions reduction opportunities in Laos. - Vientiane Times/ANN

SINGAPORE: Singapore and Laos signed an implementation agreement to collaborate on carbon credits under Article 6 of the Paris Agreement on Friday (Sept 4).

The agreement establishes a legally binding framework for the generation and transfer of carbon credits, Singapore's Ministry of Trade and Industry said in a statement.

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