Bhutan, Singapore launch four new climate projects

Bhutan and Singapore have launched four new climate projects as part of their bilateral cooperation under Article 6 of the Paris Agreement. The initiative reflects a growing trend of cross-border carbon partnerships, where developing countries provide mitigation opportunities while more developed economies support financing and demand. These projects are expected to generate tradable carbon credits, potentially in the form of ITMOs. The development highlights Singapore’s strategy to secure carbon supply and reinforces the increasing role of bilateral agreements in shaping the emerging international carbon market.
News Link
#Article6 #CarbonMarkets #ITMO #Singapore #Bhutan #Article6