Notice

Green Economy Framework: memorandum of understanding

Memorandum of understanding between the UK and Singapore supporting decarbonisation, enhancing energy security and leveraging investment across priority green sectors.

From:
Department for Energy Security and Net Zero and Department for Business and Trade
Published
1 March 2023

Documents

Memorandum of understanding on the Green Economy Framework between the 바카라 사이트 of the United Kingdom and the 바카라 사이트 of the Republic of Singapore

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This Green Economy Framework signed by Secretary of State for Energy Security and Net Zero The Rt Grant Shapps MP and Singapore바카라 사이트™s Minister-in-charge of Trade Relations from the Singapore바카라 사이트™s Ministry of Trade and Industry (MTI), Mr S Iswaran aims to support the decarbonisation of the 2 countries바카라 사이트™ economies, while enhancing energy security and promoting green growth through new investment, job creation and export opportunities.

Building on the UK-Singapore Free Trade Agreement and Digital Economy Agreement, this hybrid trade and climate framework MoU is underpinned by 3 core pillars that will be reviewed and updated regularly:

1. Green transport (sustainable aviation, green maritime and zero emissions vehicles)
2. Low carbon energy technologies (hydrogen, CCUS, grid interconnection, cross-border electricity trade and system flexibility)
3. Carbon markets and sustainable finance.

The ambition of this government-to-government Framework is to facilitate greater collaboration between UK and Singapore industry and academic partners, resulting in new commercial pilot projects, trade and investments, and research and innovation. It will be implemented through different mechanisms, including:

  • government policy dialogues
  • business matching
  • academic and research partnerships
  • increasing private investment and industry workshops

Updates to this page

Published 1 March 2023

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