Singapore and Japan sign energy and climate cooperation pact

The deal covers civil nuclear, hydrogen, and carbon capture technologies.

Singapore’s Ministry of Trade and Industry (MTI) and Japan’s Ministry of Economy, Trade and Industry (METI) signed the ‘Energy, Sustainability, and Climate Change Cooperation Framework’ on 15 March.

The MTI and METI will focus on areas such as cross-border electricity imports, low-carbon hydrogen/ammonia, carbon capture, utilisation and storage, civil nuclear energy, liquefied natural gas, advanced grid system enablers, and offshore wind.

The collaborations may include policy exchanges, business facilitation, financial cooperation, and the mutual recognition of standards and regulations.

Both countries will also work to encourage industry players and financial institutions to invest in low-carbon energy projects and support the development of related technologies and supply chains.

The framework was signed by Tan See Leng, Minister-in-charge of Energy and Science & Technology in MTI, and Akazawa Ryosei, Japan’s Minister of Economy, Trade and Industry in METI.