Nature-based carbon credits: Singapore to secure first carbon credits from 4 overseas projects
Singapore is set to secure 2.175 million tonnes of high-quality nature-based carbon credits.
This is its first such deal under the Paris Agreement, to support the country's 2030 climate target. Worth around S$76 million, the credits come from four overseas projects in Ghana, Peru and Paraguay. It marks the first tranche of carbon credits Singapore has secured.