Singapore, UK sign green economy pact

  • Singapore inked a deal with the United Kingdom on Wednesday aimed at creating business opportunities in the clean energy, low-emission transport and sustainable finance sectors.
  • The UK-Singapore Green Economy Framework will support economic growth and job creation, while encouraging the decarbonisation of economic activities, noted the Ministry of Trade and Industry (MTI).
  • The cooperation will start with a focus on three key pillars: green transport; low-carbon energy and technologies; and carbon markets and sustainable finance.
  • The framework will also support collaborations between both countries’ governments, academia and business communities through activities such as enterprise matching and co-innovation projects, as well as green capability development for small and medium-sized enterprises
  • The framework will further strengthen the economic partnership between the two countries, underpinned by the UK-Singapore Free Trade Agreement and UK-Singapore Digital Economy Agreement.
  • The move follows the Singapore-Australia Green Economy Agreement signed in Oct 22.

External Link :