The Philippines and Singapore have entered into an implementation agreement under Article 6.2 of the Paris Agreement. This deal allows for the trade of Internationally Transferred Mitigation Outcomes, creating a structured pathway for carbon credits to flow between the two nations. This partnership aims to attract climate finance for projects involving renewable energy, waste management, and nature based solutions in the Philippines. The agreement establishes a joint committee and national registries to ensure transparency and formal authorization of emissions reductions.
