Singapore has signed an implementation agreement with Thailand to collaborate on carbon credits, marking a significant step in regional environmental initiatives. The agreement was formalised during the 9th Singapore Regional Business Forum held on 19 August 2025 at the Ritz-Carlton in Bangkok, Thailand. This partnership aims to facilitate the trading of carbon credits between the two nations, promoting sustainable practices and reducing carbon emissions.
The collaboration is expected to bolster both countries’ commitments to achieving their climate goals by leveraging market-based mechanisms. Carbon credits allow countries or companies to offset their emissions by investing in environmental projects that reduce carbon dioxide in the atmosphere. This agreement is anticipated to create new opportunities for businesses in both Singapore and Thailand to engage in sustainable practices.
The partnership is part of a broader strategy to enhance regional cooperation in environmental sustainability. By facilitating the exchange of carbon credits, both countries aim to incentivise the reduction of greenhouse gas emissions and support the transition to a low-carbon economy.
Looking ahead, the agreement is expected to pave the way for further regional collaborations in environmental sustainability, setting a precedent for other nations to follow suit in the fight against climate change.
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