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Bangladesh signs carbon market MoU with Singapore at COP31

Published : Saturday, 14 November, 2026 at 8:29 PM

Observer Online Report

Bangladesh and Singapore have signed a memorandum of understanding (MoU) to strengthen cooperation in international carbon markets under Article 6 of the Paris Agreement, creating opportunities for climate financing, green investment and technology transfer.

The agreement was signed on Saturday (November 14) at the Singapore Pavilion during the COP31 climate conference in Antalya, Türkiye. Bangladesh State Minister for Environment, Forest and Climate Change Shaikh Faridul Islam and Singapore's Ministry of Sustainability and the Environment Secretary Melvin Ong signed the MoU on behalf of their respective countries.

The agreement aims to expand Bangladesh's participation in international carbon markets and support the implementation of its Nationally Determined Contribution (NDC 3.0). The two countries will exchange knowledge and information on carbon credits and explore joint projects to reduce greenhouse gas emissions.

The partnership is also expected to encourage climate-friendly technology transfer, attract private investment and create new opportunities for international climate finance.

State Minister Shaikh Faridul Islam welcomed the partnership, saying it would help develop a transparent, high-quality carbon market and advance Bangladesh's climate commitments.

According to the Environment Ministry, Bangladesh and Singapore are expected to sign an implementation agreement at COP32 in Ethiopia next year to give the cooperation a more formal and operational framework.

- MaT

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Editor : Iqbal Sobhan Chowdhury

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