S’pore authorises first carbon credit project in Rwanda

详细摘要

Singapore and Bangladesh also inked a pact at COP31 to explore carbon trading in the future. Read more at straitstimes.com.

Distribution of an initial batch of 10,000 water filters began in June 2026.

ANTALYA, Turkey — Carbon-tax liable firms in Singapore could soon buy carbon credits from a water purification project in Rwanda to shrink their tax bill.

The National Environment Agency (NEA) said on Nov 14 that both countries have authorised the project by developer Climate Bridge International.

The project entails the distribution of 300,000 water filters that will provide access to safe drinking water without having to boil it using firewood or charcoal.

By reducing reliance on these fuels for water treatment, the project will also reduce emissions and indoor air pollution.

The filters will provide safe drinking water to about 1.8 million people, and save around 780,000 tonnes of emissions from 2026 to 2030. This is equivalent to taking about 184,000 cars off the road for a year.

Spending less time to collect firewood is also expected to give people more time for education, income-generating activities and community participation, said NEA.

This is the first project that has been authorised under Singapore’s carbon credit framework.

Under the framework, tax-liable companies here can buy eligible carbon credits to offset up to 5 per cent of their taxable emissions.

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