Paraguay expects over US$1 billion in Singapore carbon credit investments

Paraguay expects carbon credit investments from Singapore to exceed $1 billion, following a bilateral cooperation framework under Article 6 of the Paris Agreement. The partnership enables cross‑border credit transfers with safeguards against double counting and includes revenue sharing for climate adaptation. Singapore has already procured credits from Paraguayan nature‑based projects and views the country as a key supplier. The deal supports Paraguay’s ambition to scale its carbon market while positioning Singapore as a regional carbon trading hub amid rising carbon prices.
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