Singapore and Australia have already agreed upon 17 projects as part of the bilateral Green Economy Agreement (GEA), signed by the two countries on 18 October.
The GEA has specified seven areas for its green economy principles and scope for cooperation: trade and investment; standards and conformance; green and transition finance; carbon markets; clean energy, decarbonization and technology; skills and capabilities; and business engagements and partnerships. The 17 initial projects are with regard to these seven areas.
The countries, as part of the agreement, will also look into bilateral and international cooperation on standards and regulations to reduce compliance costs for exporters; and similarly, cooperate on frameworks for climate-related financial disclosures and other aspects of green finance.
(Source: The Business Times)
