Singapore, Indonesia work on carbon credits, cross-border trade

Singapore and Indonesia signed an MOU on July 6 to deepen bilateral carbon credit cooperation under Article 6 of the Paris Agreement. The two governments will identify high-integrity projects, exchange carbon market information and technical expertise, and work towards an Article 6 Implementation Agreement. The MOU is an initial cooperation framework, not an operational carbon trading arrangement, as key rules on project eligibility, authorisation, corresponding adjustments and credit transfers have yet to be agreed. Separately, the Singapore Business Federation and Indonesian Chamber of Commerce and Industry will expand Singapore’s AI-powered Trade AI Advisor platform to cover Indonesia’s free trade agreement network.
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