ANTALYA, Türkiye, November 14, 2026: Bangladesh and Singapore have signed a Memorandum of Understanding (MoU) to strengthen cooperation in international carbon markets under Article 6 of the Paris Agreement, opening opportunities for carbon finance, green investment and joint emissions-reduction projects.
The agreement was signed on Saturday at the Singapore Pavilion during the UN Climate Change Conference (COP31) in Antalya. Shaikh Faridul Islam, State Minister for Environment, Forest and Climate Change, signed on behalf of Bangladesh, while Singapore’s Permanent Secretary for Sustainability and the Environment, Melvin Ong, signed for his country.
The MoU is expected to support Bangladesh’s participation in international carbon markets and contribute to implementing its third Nationally Determined Contribution (NDC 3.0). It also aims to expand opportunities for climate finance and environmentally sustainable investment.
Speaking at the signing ceremony, Shaikh Faridul Islam welcomed the partnership, saying it would create new opportunities for carbon financing, promote high-integrity and transparent carbon markets, and help Bangladesh achieve its climate commitments. He said Bangladesh was committed to working closely with Singapore to advance sustainable development and stronger global climate action.
Under the MoU, the two countries will exchange information, knowledge and experience on carbon credits and explore future cooperation on emissions-reduction projects based on mutual interests and benefits.
The partnership is expected to encourage the development of internationally aligned carbon-market mechanisms in Bangladesh, facilitate the transfer of climate-friendly technologies and attract greater private-sector investment. It could also open new channels of international climate finance while supporting the country’s transition towards a low-carbon economy.
The MoU will serve as a preliminary framework for further cooperation. The two countries expect to sign a legally binding Implementation Agreement at COP32 in Ethiopia next year, establishing a more formal framework for carbon-credit authorisation and transfer under Article 6 of the Paris Agreement.
