Overview

Singapore and Papua New Guinea substantively concluded negotiations on an Implementation Agreement on carbon credits cooperation on 8 December 2023.

A detailed overview of the process to seek Article 6 authorisation of the mitigation activities and the mitigation outcomes, including required documents at each stage, is outlined in the chart below. More details can be found in Annex B and the Processes section.

Joint Committee

The Joint Committee is a coordination body that oversees the administration of the Implementation Agreement and ensures the proper and the smooth implementation of the Implementation Agreement.

The Singapore-Papua New Guinea Joint Committee is co-chaired by:

The Joint Committee’s role includes:

• Provide decision-making recommendations to the countries for topics such as guidance on processes, environmental integrity, share of proceeds and registry arrangements

• Establish rules and guidelines for project proponents to ease participation

• Review the IA and its annexes as required

• Consider potential cooperation areas

• Facilitate information exchange

• Discuss any questions and perform other functions related to the IA

More details can be found in Article 6 of the Implementation Agreement and Annex C (Terms of Reference of the Joint Committee)