Singapore, Aug. 20 -- Singapore and Thailand on August 19 signed an Implementation Agreement on carbon credits collaboration under Article 6 of the Paris Agreement on the sidelines of the 9th Singapore Regional Business Forum (SRBF) in Bangkok, marking Singapore's first deal with an ASEAN country.

The agreement establishes a framework for the generation and transfer of carbon credits from carbon mitigation projects aligned with Article 6 of the Paris Agreement. Project developers can leverage this framework to develop high-quality carbon credit projects that are aligned with the Article 6 rulebook. Information on the process for authorisation of these carbon credits projects and eligible carbon crediting methodologies under the Implement...