Grace Fu to attend COP31 in Turkey to discuss carbon markets, climate adaptation

Detailed summary

She will also meet Turkey’s Minister of Trade Omer Bolat to advance bilateral economic cooperation. Read more at straitstimes.com.

Minister for Sustainability and the Environment Grace Fu will be attending the annual UN climate conference COP31 in Turkey from Nov 15 to 21.

ANTALYA, Turkey — Minister for Sustainability and the Environment Grace Fu will be attending the UN climate conference COP31 in Turkey from Nov 15 to 21 to discuss climate action with her counterparts, on topics such as carbon markets and climate adaptation.

Governments from nearly 200 countries are meeting at COP31 — which is held from Nov 9 to 20 in the city of Antalya — to negotiate how the world can collectively do more to tackle climate change.

This year’s conference is taking place against a backdrop of wars, skyrocketing energy costs and rising costs of living. At the same time, climate-related disasters have also hit various countries.

At COP31, Fu will deliver Singapore’s national statement and participate in ministerial roundtables that aim to discuss efforts to accelerate emissions cuts before 2030.

She will also convene a high-level dialogue on advancing the carbon markets and bring together participating countries to share experiences and accelerate the delivery of high-integrity carbon credits.

The global trade in carbon credits is provided for under Article 6 of the Paris Agreement, the world’s climate pact that aims to limit global warming to 1.5 deg C above pre-industrial levels.

The carbon markets are critical for promoting climate action as it allows countries to cooperate to achieve their climate targets.

For instance, large emitters can buy carbon credits generated in other jurisdictions to meet their climate targets, instead of just trying to reduce emissions within their own borders.

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