Singapore and Papua New Guinea to Jointly Tackle Climate Change

Singapore and Papua New Guinea signed the carbon credits cooperation Implementation Agreement on December 8. This will help both countries achieve their climate goals. The agreement was signed by Singapore's Minister of Sustainability and Environment, Grace Fu, and Papua New Guinea's Minister of Environment, Conservation and Climate, Simo Kilepa, on the sidelines of the United Nations World Climate Change Conference 2023 (COP28).

This came after the two countries signed a memorandum of understanding at COP27 last year. This is also Singapore's first implementation agreement, the Ministry of Trade and Industry (MTI), the Ministry of Environmental Protection (MSE) and the National Climate Change Secretariat (NCCS) said in a statement. The agreement establishes a legal framework and process for the international generation and transfer of carbon credits between Singapore and Papua New Guinea.

"This collaboration will advance both countries’ climate ambition and help channel financing towards additional mitigation efforts through carbon credit projects, which would otherwise not be possible," said the MTI, MSE, and NCCS.

"The carbon credit projects authorized under the implementation agreement will also promote sustainable development and generate benefits for local communities, such as creating jobs, access to clean water, improved energy security, and reducing environmental pollution."