Landmark deal under Paris Agreement strengthens regional cooperation and supports sustainable development efforts.
SINGAPORE, 30 April 2026 — Philippine Ambassador to Singapore Medardo G. Macaraig attended the signing ceremony of the Philippines–Singapore Implementation Agreement pursuant to Article 6 of the Paris Agreement, held virtually.
The agreement was signed by Juan Miguel T. Cuna, Acting Secretary of the Department of Environment and Natural Resources, and Grace Fu, Singapore’s Minister for Sustainability and the Environment and Minister-in-Charge of Trade Relations.
Taking place during ASEAN Climate Week and shortly after Earth Day, the milestone highlights the shared commitment of both countries to advance climate action and sustainable development through innovative carbon credit collaboration mechanisms.
The Implementation Agreement builds on the Philippines–Singapore Memorandum of Understanding on Carbon Credits Collaboration signed in August 2024. It marks the Philippines’ first agreement of its kind, while for Singapore it represents its 11th such agreement globally and its third within ASEAN, reflecting growing regional momentum towards cooperative climate solutions.
Officials noted that the agreement is expected to support the development of high-integrity carbon markets, facilitate emissions reduction initiatives, and promote sustainable investment flows between the two countries.
Source: Philippine Embassy in Singapore
