, Singapore
Minister S Iswaran and United Kingdom (UK) Secretary of State for the Department for Energy Security and Net Zero Grant Shapps signed the Memorandum of Understanding (MOU) on the UK-Singapore Green Economy Framework. (Photo from MTI)

SG, UK ink green economy framework

The framework covers three pillars.

Singapore and the United Kingdom have inked an agreement which will allow both markets to cooperate on areas of the digital economy.

Under the UK-Singapore Green Economy Framework (UKSGEF), Singapore and the UK will work together “to support economic growth and create jobs in green sectors whilst encouraging the decarbonisation of economic activities.” 

The framework will cover three areas: “Green Transport,” “Low Carbon Energy and Technologies,” and “Carbon Markets and Sustainable Finance.”

According to the Ministry of Trade and Industry, the framework will also support “collaborations between both countries’ governments, academia and the business community through joint activities such as enterprise matching and co-innovation projects as well as green capability development for small and medium-sized enterprises.”

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