Promoting Sustainable Practices: The Singapore, Papua New Guinea Carbon Credits Agreement at COP28
Singapore and Papua New Guinea (PNG) signed an Implementation Agreement on carbon credits cooperation under Article 6 of the Paris Agreement. The Agreement was signed by Minister for Sustainability and the Environment Grace Fu and Papua New Guinea Minister of Environment, Conservation and Climate Change Simo Kilepa on the sidelines of the 2023 United Nations Climate Change Conference (COP28).
Related Article: High-Quality, Transparency & Control: Investing in Carbon Credits Before they’ve Entered the Market
The Agreement comes after both countries signed a Memorandum of Understanding (MOU) on the sidelines of COP27 last year to collaborate on carbon credits.
