Paraguay and Singapore conclude negotiations for Carbon Credit cooperation - .::Agencia IP::.

Singapore and Paraguay have concluded negotiations on the Carbon Credit Cooperative Implementation Agreement, which will allow the bilateral transfer of carbon credits, aligned with Article 6 of the Paris Agreement.

President Santiago Peña with Senior Minister and National Security Coordinator Teo Chee Hean. Photo credits: Ministry of Foreign Affairs (MRE).

Asunción, Agencia IP.- Singapore and Paraguay have concluded negotiations on the Carbon Credit Cooperative Implementation Agreement, which will allow the bilateral transfer of carbon credits, aligned with Article 6 of the Paris Agreement.

This was announced today by the Ministry of Foreign Affairs, which accompanied this negotiation process by the Ministry of the Environment and Sustainable Development (Mades).

The finalization of the agreement comes after a meeting between President Santiago Peña and the Senior Minister and Coordinator of National Security, Teo Chee Hean, within the framework of the United Nations Conference on Climate Change (COP28) last week.