Climate Bridge International (CBI), headquartered in Singapore, and the Rwanda Development Board (RDB) have signed a Memorandum of Understanding (MoU) to advance carbon market development in Rwanda. This collaboration aims to mobilise private finance and knowledge sharing to support Rwanda’s climate and development goals, building on the Rwanda–Singapore Article 6.2 Implementation Agreement signed in May 2025.
The partnership will focus on developing a pipeline of Article 6-aligned carbon credit projects, enhancing Rwanda’s policy and regulatory frameworks for carbon market participation. Alvin Lim, CEO of CBI, stated, “This MoU comes at exactly the right time, as Rwanda and Singapore move to operationalise their Article 6.2 agreement. Together with the Rwanda Development Board, we will build a pipeline of high-integrity, investable projects and provide international market access for local opportunities.”
Michelle Urumungi, Chief Investment Officer at RDB, emphasised Rwanda’s commitment to a low-carbon, climate-resilient economy. She noted, “Through our collaboration with Climate Bridge International, we look forward to attracting new investments, building local capacity, and accelerating progress towards our national climate and development goals.”
Over the next year, CBI and RDB will work to expand Rwanda’s pipeline of investable carbon projects, facilitating exchanges with local companies to strengthen market readiness. The partnership will also support government institutions through capacity-building and policy development, establishing a robust framework for carbon markets.
Both organisations anticipate strong demand for high-integrity, Article 6-aligned credits from governments, compliance buyers, and corporates seeking solutions that deliver measurable climate and community benefits.
“`
