Singapore and Rwanda sign Implementation Agreement on carbon credits collaboration

28 May 2025

On 6 May 2025, the Ministry of Trade and Industry (“MTI”) issued a press release announcing that Singapore and Rwanda signed an implementation agreement on carbon credits collaboration under Article 6 of the Paris Agreement (“Implementation Agreement”). This is Singapore’s first Implementation Agreement with an East African country and sixth on carbon credits collaboration following agreements with Papua New Guinea, Ghana, Bhutan, Peru, and Chile. 

The Implementation Agreement establishes a framework for the generation and transfer of carbon credits from carbon mitigation projects aligned with Article 6 of the Paris Agreement. Project developers can leverage this framework to develop high-quality carbon credit projects that are aligned with the Article 6 rulebook. Information on the process for authorisation of these carbon credits projects and eligible carbon crediting methodologies under the Implementation Agreement will be published in due course. 

This collaboration will advance both countries’ climate ambitions by directing financing towards unlocking additional mitigation potential in Rwanda. The carbon mitigation projects authorised under the Implementation Agreement will promote sustainable development and deliver tangible benefits to local communities, such as creation of jobs, improved waste management, enhanced energy efficiency, and reduction of environmental pollution. 

Reference materials 

The press release is available on the relevant webpage on the MTI website www.mti.gov.sg.