Bangladesh Signs Carbon Market Cooperation MoU With Singapore

Bangladesh has signed a memorandum of understanding with Singapore to strengthen cooperation in the international carbon market. The MoU was signed on Saturday (14 November).

The agreement falls under Article 6 of the Paris Agreement, the framework through which countries cooperate with one another in international carbon markets to meet their emissions-reduction goals.

The MoU has two aims: to deepen cooperation between the two countries in the international carbon market, and to create new opportunities for climate finance—funding that is especially important for climate-vulnerable Bangladesh.

Through this cooperation, the path to bringing carbon-market finance into climate projects is expected to widen, supporting the country's climate adaptation and emissions-reduction efforts.