Minister for Trade and Industry Chan Chun Sing today concluded aMemorandum of Understanding for cooperation on low-emissions solutionswith Australia’s Minister for Energy and Emissions Reduction.
Minister for Trade and Industry Chan Chun Sing and Australia’s Ministerfor Energy and Emissions Reduction The Honourable Angus Taylor signed aMemorandum of Understanding (MOU) on cooperation in low-emissionssolutions today. The MOU was signed at a virtual ceremony held on thesidelines of the Singapore International Energy Week 2020.
2. The MOU will foster cooperation between Singapore and Australia onprojects and initiatives to advance low-emissions solutions, including theexploration of new and emerging technologies. There are several priority areasof cooperation, including: a) low-carbon hydrogen; b) carbon capture, utilisationand storage (CCUS); c) renewable energy trade; and d) measurement,reporting and verification (MRV). The two countries will also regularly discusstheir long-term emissions reduction strategies and low-emissions pathways.
3. Minister Chan said, “The conclusion of this MOU for Cooperation onLow-Emissions Solutions further strengthens the multifaceted relationship thatSingapore and Australia share. By partnering each other, innovating andpioneering new solutions, we hope to make greater progress in building a moresustainable economy and creating a low-carbon future together.”
4. Minister Taylor said, “Enhancing cooperation with Singapore is apractical demonstration of our shared commitment to achieving the goals of theParis Agreement. Technological progress is the only way to reduce emissionswhile continuing to grow our economies and maintain reliable and affordableenergy.”
5. This MOU was developed following the Singapore-Australia 5th Leaders’Meeting in March 2020, in line with efforts to expand the ComprehensiveStrategic Partnership between both countries in areas of common interest. Itdemonstrates Singapore’s intent to forge strong collaborations andpartnerships with like-minded countries, in support of our aspiration set forth inour long-term Low-Emissions Development Strategy (LEDS). This aspiration isto halve emissions from its peak to 33 MtCO2e by 2050, with a view to achievingnet-zero emissions as soon as viable in the second half of the century.
For media queries, please contact:
Eoin Ee
Assistant Director, Communications and Engagement Division
Ministry of Trade and Industry
Tel: 6332 7315
Email: eoin_ee@mti.gov.sg
Serene Mueller
Senior Manager, Corporate Communications Directorate
National Climate Change Secretariat,
Strategy Group, Prime Minister's Office
Tel: 8764 1052
Email: serene_mueller@pmo.gov.sg
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