The new agreement “opens yet another new frontier of cooperation”, said Prime Minister Lawrence Wong during a lunch hosted for Lao Prime Minister Sonexay Siphandone on his first official visit to Singapore since taking office in December 2022.
“Singapore looks forward to working closely with Laos to conclude the legally binding Implementation Agreement on carbon credits collaboration, which will further connect our countries in mutually beneficial ways,” said PM Wong, addressing a room of delegates from both countries at the Conrad Centennial Singapore.
The deal sets out a bilateral framework for the international transfer of correspondingly adjusted carbon credits, as well as the exchange of best practices and knowledge on carbon market mechanisms, said the Ministry of Trade and Industry.
It is aligned with Article 6 of the Paris Agreement, an international treaty on climate change adopted in 2015. The article allows countries to cooperate to achieve emission targets and to tackle climate change, while also unlocking financial support for developing countries.
“It will help us to achieve our climate targets, facilitate investments, create jobs, promote sustainable development, and encourage the deployment of clean technology,” said PM Wong.
Dr Sonexay is in Singapore for a day. Earlier in the day, he was received at a ceremonial welcome by PM Wong at Parliament House – instead of the Istana, where such official visits are typically hosted, as parts of the Istana are currently undergoing major restoration works.
Esta historia es de la edición July 10, 2024 de The Straits Times.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición July 10, 2024 de The Straits Times.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
NUS team discovers way to rejuvenate eggs of older women
Researchers' breakthrough could boost success of assisted reproductive tech
US senator slammed for saying Muslim advocate supports extremism
Republican Senator John Kennedy accused a leading Muslim civil rights advocate of supporting extremism during a Senate hearing on hate incidents in the US, drawing criticism from many rights groups.
Canadian PM shows no sign of stepping down despite election loss
Doubts about the leadership of Canadian Prime Minister Justin Trudeau intensified after his ruling Liberal Party suffered a second humiliating loss in a special election, but the unpopular leader is determined to cling to office ahead of a looming national vote.
Golf – a refuge for US presidents but a headache for the Secret Service
Security risks abound on golf courses, with their wide-open spaces offering easy access
More women aged 50 and older having babies
The boundary of motherhood has shifted over the past few years as more women aged 50 and above are having babies.
Developers offered new incentives to use greener cooling solutions
Bonus floor space for those that build new district systems or tap existing ones
COE prices mostly higher; Open category premium hits $113,104
Certificate of entitlement (COE) premiums climbed across most categories on Sept 18, with the Open category recording the biggest rise to hit $113,104.
Turn phone or laptop into health screener with new software
A new software that analyses users' vital signs can turn any laptop or phone camera into a fullyfledged health screening device.
New Silkroutes ex-director gets jail for key role in market rigging
A former finance director of Singapore-listed New Silkroutes Group was sentenced to 12 weeks in prison on Sept 16 after pleading guilty to manipulating its share prices to allow its shares to be used as consideration for corporate deals.
Circle Line services hit again after fire in depot
Transport Correspondent For a second day, passengers on the Circle Line (CCL) had their journeys disrupted after several trains briefly lost power at about 8pm on Sept 18, stalling for about 15 minutes.