Singapore and the Philippines sign Implementation Agreement on carbon credits collaboration

25 May 2026

On 30 April 2026, the Ministry of Trade and Industry (“MTI”) announced the signing of an Implementation Agreement between Singapore and the Philippines on carbon credits collaboration under Article 6 of the Paris Agreement.

The Implementation Agreement establishes a legally binding 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 Article 6. 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.

The collaboration advances both countries’ climate goals by directing financing towards unlocking additional mitigation potential in the Philippines. The carbon mitigation projects authorised under this Implementation Agreement will promote sustainable development and deliver tangible benefits to local communities, such as job creation, enhanced energy security, and reduced environmental pollution. 

Reference materials 

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