Zambia and Singapore Forge Climate Cooperation Agreement at COP29
At the 29th United Nations Climate Change Conference (COP29) in Baku, Zambia and Singapore signed a Memorandum of Understanding (MoU) to initiate negotiations for a Bilateral Agreement under Article 6 of the Paris Agreement.
This partnership aims to enhance climate action through cooperative approaches, facilitating carbon credit transactions and reducing greenhouse gas emissions.
The MoU was signed by Zambia’s Minister of Green Economy and Environment, Hon. Mike E. Mposha, and Singapore’s Minister for Sustainability and Environment, Ms. Grace Fu. Senior officials, including Zambia’s Permanent Secretary for Green Economy and Environment, Dr. Douty Chibamba, and Singapore’s Permanent Secretary for Sustainability and Environment, Mr. Stanley Loh, were also present.
Hon. Mposha highlighted Zambia’s proactive measures in establishing policies and frameworks for international carbon market participation. He noted that the MoU builds on Zambia’s previous agreements with Norway and Sweden, signed earlier at COP29.
“This MoU with Singapore is a pivotal step in enhancing our climate ambitions and fostering sustainable development. Our action plan will guide us in negotiating terms and identifying projects to achieve emission reductions,” said Hon. Mposha.
Singapore’s Permanent Secretary, Mr. Stanley Loh, emphasized the importance of international collaboration in addressing climate change. “This partnership underlines our shared commitment to mitigate climate change and foster green growth,” he said.
The collaboration is supported by the SPAR6C Program, led by the Global Green Growth Institute (GGGI) with contributions from GFA Consulting Group and UNEP Copenhagen Climate Centre. SPAR6C facilitates investments in emission reductions, aligning with the objectives of Article 6.
This MoU reinforces Zambia’s commitment to leveraging carbon finance and achieving its Nationally Determined Contributions (NDCs) for a low-carbon future.
