Bilateral agreement under Paris Agreement’s Article 6 aims to bolster sustainable development and climate resilience.
SINGAPORE – Singapore and Rwanda have formalised a bilateral Implementation Agreement under Article 6 of the Paris Agreement, establishing a framework for the transfer of high-quality carbon credits between the two nations. The agreement was signed on 6 May 2025 by Singapore’s Minister for Sustainability and the Environment, Ms Grace Fu, and Rwanda’s Minister of Environment, Dr Valentine Uwamariya, during the latter’s official visit to Singapore.
This marks Singapore’s sixth such agreement since late 2023, following similar pacts with Papua New Guinea, Ghana, Bhutan, Peru, and Chile. The collaboration aims to advance both countries’ climate ambitions while fostering sustainable growth.
Central to the partnership is the deployment of fuel-efficient cookstoves across rural Rwanda. These stoves significantly reduce firewood consumption, helping to curb deforestation and improve indoor air quality, especially for women and children, who are most exposed to harmful smoke.
Each tonne of carbon emissions avoided through these cleaner technologies will be converted into a carbon credit, which Singapore-based climate tech firm Spore will purchase and sell to global corporations seeking to offset their own emissions. While the financial details of this specific agreement were not disclosed, similar deals by Spore suggest a price of around US$10–12 per carbon credit.
Dr Uwamariya welcomed the partnership, stating: “Through this agreement, we aim to promote high-integrity carbon markets, achieve tangible emissions reductions, and support sustainable development for our communities.”
Singapore has been actively fostering international cooperation on climate action, having signed agreements with various partners to strengthen collaboration on carbon markets, green finance, and low-carbon technologies. These collaborations prioritise sustainable development and co-benefits to local communities and economies.
Source: Ministry of Trade and Industry, Singapore
