SG, Chile sign agreement on carbon credit collaboration

The projects authorised under the agreement will promote sustainable development.

Singapore and Chile signed an Implementation Agreement on carbon credits collaboration under Article 6 of the Paris Agreement.

This marks the city-state’s fifth carbon credits collaboration following agreements with Papua New Guinea, Ghana, Bhutan, and Peru.

Project developers can leverage this framework to develop high-quality carbon credit projects aligned with the Article 6 rulebook.

This collaboration will advance both countries’ climate ambitions by directing financing towards unlocking additional mitigation potential in Chile.

The projects authorised under the agreement will promote sustainable development and benefit local communities with jobs, improved access to clean water, enhanced energy security, and reduced environmental pollution.

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