Singapore to Offset Emissions with Rwanda Carbon Credits Deal

Highlights
- Rwanda to develop carbon projects with Climate Bridge Group to sell credits to Singapore.
- Article 6.2 Paris Agreement deal will allow Singapore to offset part of its 49 million tonnes of CO₂ emissions.
- Investments in Rwanda’s carbon projects expected within the next 12 months.
Rwanda has announced plans to sell carbon credits to Singapore as part of a strategy to attract investment into climate-related projects.
The deal will involve working with a company backed by China’s Climate Bridge Group, which will help identify and develop eligible projects across Rwanda.
The arrangement falls under Article 6.2 of the Paris Agreement, which allows countries to trade emissions offsets. This framework is designed to help nations reduce their reported emissions by either removing greenhouse gases from the atmosphere or preventing them from being released.
Read More: Singapore, Thailand Sign Carbon Credits Agreement
Singapore has already signed similar agreements with other countries, including Papua New Guinea, Ghana, Bhutan, Peru, and Chile.
Now, Singapore emits about 49 million tonnes of carbon dioxide (CO₂) annually, ranking as the 57th-largest emitter globally, whereas Rwanda produces just 1.5 million tonnes. By purchasing credits from Rwanda, Singapore can offset part of its emissions, making progress toward its climate targets without reducing all emissions domestically.
A carbon credit equals one tonne of CO₂ reduced or removed. Under this new plan, Rwanda is expected to receive its first carbon project investments within 12 months, which could open new opportunities for sustainable development in the country.
Ends/
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Source: Bloomberg













