Kenya signs climate change deal with Singapore

President William Ruto signed an MOU on Carbon Credit Collaboration with Singapore on Thursday.

The MoU, which is in accordance with Article 6 of the Paris Agreement, establishes a framework for the two nations to exchange carbon credits.

During a joint news conference in Kenya, Singapore Prime Minister Lee Hsien Loong emphasised the relevance of the MoU in the two countries’ efforts to reduce carbon emissions.

“The MoU allows Singapore to take advantage of carbon credits which Kenya will be able to provide,” Loong said.

The Prime Minister further expressed the need to address the Climate change crisis in the whole world terming it as a ‘very serious problem.’

“Human beings, wildlife, and cattle are threatened when the climate gets extreme,” the Prime Minister stated.

President Ruto underlined Kenya’s stance on climate change. Ruto described climate change as the biggest existential threat to humanity’s survival, urging both governments to work together to address it.

“Our Ministers have signed an MOU on Carbon Credit Collaboration, which provides a framework for the trading of carbon credits between our two countries in line with the stipulation of the Paris Agreement,” Ruto said.

Kenya will be allowed to transfer carbon credits generated by reducing GHG emissions under Article 6 of the Paris Agreement to assist Singapore in meeting its Nationally Determined Contributions (NCS).

Prime Minister Loong has stated his support for the African Climate Action Summit, which will take place in Nairobi from September 4 to 6.

“The summit will cohere a common African position for COP 28 including an articulation of climate finance and climate investment solutions for climate action,” Ruto added.