Singapore and Lao People’s Democratic Republic sign Implementation Agreement on carbon credits under Article 6 of the Paris Agreement

Singapore and Lao PDR signed an Implementation Agreement on carbon credits under Article 6 of the Paris Agreement, Singapore’s 12th bilateral agreement and its fourth with an ASEAN member state. The legally binding framework allows Lao developers to seek authorisation for eligible mitigation projects and transfer credits internationally, with corresponding adjustments applied to prevent double counting. Both sides will set out project authorisation procedures, and Singapore will publish eligible methodologies and the authorisation process on its Article 6 platform. The agreement channels carbon finance into Laos while widening Singapore’s supply of compliance-grade credits, which companies may use against part of their carbon tax liability.
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