Dhaka, Nov. 15 -- Bangladesh and Singapore have signed a Memorandum of Understanding (MoU) to strengthen cooperation in international carbon markets under Article 6 of the Paris Agreement, opening up new opportunities for climate finance and joint efforts to reduce greenhouse gas emissions.

The MoU was signed on Saturday at the Singapore Pavilion on the sidelines of the 31st United Nations Climate Change Conference (COP31) in Antalya, Turkiye.

Under the agreement, the two countries will exchange information, knowledge and experience on carbon credits and explore further cooperation on greenhouse gas emission reduction projects based on mutual interests and benefits.

The initiative is expected to support Bangladesh's transition to susta...