MANILA - The Philippines and Singapore on Thursday (April 30) signed a carbon-trading deal that allows them to share emissions reductions, an agreement which Manila said is expected to lead to more investment into climate projects in the Philippines.Singapore's Environment Minister, Grace Fu, said in a statement the deal would deepen collaboration between the two countries, «channeling climate finance towards impactful projects in the Philippines and unlocking new opportunities in carbon markets for businesses and local communities.»The deal, signed during Asean's Climate Week, establishes a framework under the Paris Agreement for transferring verified emission reductions, or carbon credits, between Manila and Singapore.A joint committee will oversee the approval and implementation of projects, and tracking of emission reductions.Philippine Environment Secretary Juan Miguel Cuna said the deal would help Manila to attract investments in renewable energy, waste management, methane reduction, nature‑based solutions, and climate‑smart agriculture. Read more