The Philippines and Singapore signed a landmark implementation agreement on carbon credits under the Paris Agreement, formalized during ASEAN Climate Week in Manila.
The deal establishes a legally binding framework for generating, verifying, and trading high-integrity carbon credits aimed at reducing greenhouse gas emissions.
Officials said the partnership will channel climate finance to the Philippines, support sustainable development, and create jobs while strengthening carbon market cooperation.
Singapore is also committed to allocating a portion of the proceeds to Philippine climate adaptation efforts and canceling a share of credits to ensure real emissions reductions.
Both countries said the agreement marks a major step in regional climate cooperation and positions ASEAN as a stronger player in global sustainability efforts.
Source: PhilNews24 | May 1, 2026
PHILIPPINES, SINGAPORE SIGN CARBON CREDITS AGREEMENT
Latest from News
The national government has launched the “Bagong Bag para sa Mag-aaral” program to provide school bags
A cooperative composed of active and retired military personnel has expanded into the aviation sector with
PhilHealth said it has reached out to the family of a deceased member after a widow’s
The death toll from the recent earthquake in Mindanao has risen to 61, with 54 fatalities
The Philippine National Police (PNP) has intensified operations against scam hubs that have allegedly resurfaced as