According to the MTI, the MOU will encourage, develop and facilitate collaborative carbon credits projects of mutual interest. These projects could advance progress in the generation and sharing of carbon offsets for use towards Singapore and Colombia’s climate ambition.
The Ministry of Trade and Industry (MTI) and Colombia’s Ministry of Environment and Sustainable Development have signed a memorandum of understanding (MOU) in a bid to collaborate in carbon credits between Singapore and Colombia on Aug 2.
The MOU was signed by Minister for Trade and Industry Gan Kim Yong and Colombia’s Minister of Environment and Sustainable Development Carlos Eduardo Correa Escaf virtually. The is the first MOU in terms of carbon credits collaboration signed between Singapore and a Latin American country.
