The restoration of Kwahu tropical forest landscape in Ghana is led by GenZero. (Photo: GenZero)
Singapore announced on Sept. 16 that it will invest SGD 76.4 million (about USD 59.8 million) to procure its first batch of cross-border, nature-based carbon credits, enough to offset nearly 4% of the nation’s emissions.
On the same day, Singapore also signed a carbon credit agreement with Vietnam, expanding its list of Article 6 trading partners under the Paris Agreement to nine countries.
4 projects selected with focus on forest, earth
The credits will come from four projects in Peru, Paraguay, and Ghana, covering two REDD+ initiatives, one grassland restoration, and one landscape restoration. Together, they are expected to offset 2.175 million tonnes of CO₂e between 2026 and 2030.
