South Korea, Bolivia Sign MOU on International Greenhouse Gas Cuts Under Paris Agreement

South Korea will sign a memorandum of understanding with Bolivia to develop bilateral emissions‑reduction projects under Article 6 of the Paris Agreement. The framework covers joint project implementation, MRV, credit issuance, international transfer, and corresponding adjustments. A separate public‑private cooperation agreement supports a landfill gas‑to‑power project in Bolivia, helping operationalize mitigation efforts. The two governments plan to establish a joint committee and detailed rules, positioning the partnership as a policy tool to support both countries’ NDC targets through international carbon cooperation.
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