In 2023, RCEE – NIRAS was selected to spearhead a consultancy project aimed at formulating the Implementation Agreement of Article 6.2 of the Paris Agreement between Vietnam and Singapore. This initiative followed a Memorandum of Understanding for Collaboration signed on October 17, 2022, between the two countries, aligning with respective climate targets, including its Nationally Determined Contribution (NDC) and Vietnam’s ambitious goal to achieve net-zero emissions by 2050.

Working in collaboration with the Singapore Prime Minister’s Office – National Climate Change Secretariat and Vietnam's Department of Climate Change under the Ministry of Natural Resources and Environment (MONRE), RCEE – NIRAS provided essential recommendations for developing the necessary infrastructure and policy frameworks to facilitate the future Implementation Agreement. The consultancy focused on establishing legal modalities and procedures to enable the transfer of Internationally Transferred Mitigation Outcomes (ITMOs) from Vietnam to Singapore, a critical component yet to be developed in Vietnam's regulatory framework.

Through this consultancy, RCEE – NIRAS significantly enhanced the climate partnership between Vietnam and Singapore. This collaboration not only supported Vietnam in meeting its climate objectives but also contributed to the overarching goals of the Paris Agreement, bolstering global efforts to combat climate change. RCEE – NIRAS remains dedicated to facilitating Vietnam's transition to a low-carbon economy through capacity building, knowledge transfer, and the development of efficient carbon market mechanisms.