Singapore and Tanzania have signed a memorandum of understanding to collaborate on carbon credits under Article 6 of the Paris Agreement, in a move aimed at strengthening climate action and opening the door to green investment. The agreement was signed on June 9, 2026, during Singapore President Tharman Shanmugaratnam’s state visit to Tanzania, according to Singapore’s Ministry of Trade and Industry.
The memorandum was signed by Singapore’s Minister of State for Trade and Industry and National Development, Alvin Tan, and Tanzania’s Minister of State in the Vice President’s Office for Union Affairs and Environment, Hamad Yussuf Masauni, and was witnessed by President Tharman and Tanzanian President Samia Suluhu Hassan.
Under the agreement, the two countries will work together on carbon market projects that reduce emissions and generate internationally recognized carbon credits. The framework is meant to support sustainable development while helping both sides explore future opportunities under the Paris climate accord.
The deal also sets the stage for a future implementation agreement, which would provide the legal and technical basis for carbon credits cooperation. Singapore has used similar agreements with other countries to support high-integrity carbon markets and channel financing toward emissions-reduction projects.
The partnership matters because carbon-credit cooperation can help fund climate projects, attract private capital, and support the transition to a low-carbon economy. For Tanzania, it could create new opportunities for environmental investment and emissions-cutting projects. For Singapore, it expands a climate strategy that relies on international carbon markets to meet national climate goals while backing projects in partner countries.
The agreement adds Tanzania to Singapore’s growing network of carbon-credit partners, reflecting a broader push to build climate-linked economic ties between Africa and global markets.
