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2023-12-11
On December 2, 2023, Singapore’s Ministry of Trade and Industry’s deputy secretary Keith Tan and Rwandan Environment Minister Jeanne d’Arc Mujawamariya signed a memorandum of understanding (MOU) to collaborate on carbon markets.
To ensure a diversified portfolio of carbon credits, Singapore has signed at least a dozen MOUs with countries such as Chile, Colombia and Mongolia.
The MOUs pave the way for possible implementation agreements with these countries, although this would depend on each country’s capability to begin trading these credits with Singapore.
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