On 9 June 2026, Singapore and Tanzania signed a Memorandum of Understanding (“MOU“) on carbon credits collaboration under Article 6 of the Paris Agreement (“Article 6“). The Singapore-Tanzania MOU adds to Singapore’s efforts to develop international carbon market cooperation under Article 6 and underscores the increasing role of international carbon credit frameworks in supporting global decarbonisation efforts.
Under the MOU, Singapore and Tanzania will:
- explore bilateral cooperation to mobilise financing towards climate mitigation and sustainable development projects;
- work towards signing a legally binding Implementation Agreement to facilitate the authorisation and international transfer of correspondingly adjusted carbon credits; and
- identify Article 6-compliant projects that support their respective climate goals and Nationally Determined Contributions (NDCs) while promoting sustainable development and upholding environmental integrity.
For businesses and investors with an interest in carbon markets, the MOU is a development to watch because it signals potential future pathways for Article 6-compliant mitigation projects involving Singapore and Tanzania. While the MOU itself sets out a cooperation framework, the legally binding Implementation Agreement remains the key document to watch for operational details on authorisation and transfers of correspondingly adjusted carbon credits.
Singapore enterprises or investors looking to secure decarbonisation projects can tap on our environmental, social, and governance (ESG) legal fee subsidy under the Sustainability Legal Catalyst Programme with Enterprise Singapore. Terms and conditions apply. You can reach out to us at [email protected].
Click on the following link for more information:
- Ministry of Trade and Industry (“MTI“) Press Release titled “Singapore and Tanzania Sign Memorandum of Understanding on Carbon Credits Collaboration” (available on the MTI website at mti.gov.sg)
If you have any queries on the above, please reach out to our team set out on this page.
For regional Sustainability matters, please see Rajah & Tann Asia’s Sustainability Practice for more information.
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