Singapore, Indonesia Move Closer to Bilateral Carbon Credit Partnership

Singapore and Indonesia have made significant progress in negotiations on a bilateral carbon credit partnership under Article 6 of the Paris Agreement to expand cross-border carbon trading and climate finance. Singaporean investors are ready to participate, while Indonesia prepares to launch its Carbon Unit Registry System (SRUK) on July 9, 2026. Furthermore, Indonesia’s Minister of Environment stressed that the carbon market will prioritize equitable benefit-sharing with local and Indigenous communities protecting forests, ensuring they receive a fair share.
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