Singapore and Peru are nearing an agreement allowing Singapore to offset emissions by buying carbon credits from Peru.

Singapore and Peru are finalizing an agreement to trade carbon credits, allowing Singaporean companies to offset up to 5% of their carbon emissions by purchasing credits from projects in Peru. This follows the Paris Agreement's Article 6, promoting international cooperation in tackling climate change. Singapore is engaging with over 20 countries on similar agreements, though most are in early stages.

November 21, 2024
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