Australia and Singapore on Monday, October 26, 2020 agreed to collaborate on the development of a new technology to reduce carbon emissions.
Angus Taylor, Australia’s Minister for Energy and Emissions Reduction, signed a Memorandum of Understanding (MoU) on low-emissions technology with Chan Chun Sing, Singapore’s Trade and Industry Minister.
Taylor said, “Technological progress is the only way to reduce emissions while continuing to grow our economies and maintain reliable and affordable energy.
“Our cooperation is a practical demonstration of our ambition to drive down the cost of the technologies that will support jobs, lower energy costs and reduce emissions.’’
The Australian Government’s Technology Investment Roadmap for reducing carbon emissions, which was released by Taylor in September, identified hydrogen, carbon capture and storage (CCS), soil carbon, storage options and “low carbon” steel and aluminum as priority technologies.
The deal with Singapore focuses on CCS and hydrogen and follows agreements with South Korea and Japan to investigate the potential for Australia to supply those countries with hydrogen.
Chan said that the agreement would help the two countries in building “a more sustainable economy and create a low carbon future together.’’