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Singapore and Philippine leaders discuss cooperation on renewable energy, sustainability, and healthcare. (Photo: Ferdinand Marcos Jr.'s Facebook)
Singapore’s Prime Minister Lawrence Wong made his first official visit to the Philippines on June 4, meeting with President Ferdinand Marcos Jr. During the meeting, the two leaders pledged to advance the ASEAN Power Grid (APG) and jointly promote regional sustainable economic development by leveraging carbon markets to drive green investments.
Bilateral focus on green power, carbon credit collaboration
At a joint press conference following their meeting, President Marcos expressed gratitude for Singapore’s support following last year’s typhoon disasters and reiterated the countries’ commitment to climate adaptation efforts, though without elaborating on specific initiatives. The two nations also agreed to collaborate on establishing a carbon trading framework under Article 6.2 of the Paris Agreement.
