Singapore and Australia will sign ‘green economy accord’

5 min read
Singapore and Australia will sign 'green economy accord'

Next month, the Prime Minister of Singapore will travel to Australia for meetings with Anthony Albanese. During these meetings, it is anticipated that the two men would sign a new “green economy pact.”

In the midst of escalating regional tensions between the United States and China over Taiwan, Lee Hsien Loong will go to Sydney and Canberra to participate in the annual leaders’ discussions.

During their first face-to-face meeting since Anthony Albanese’s election win, the prime ministers are anticipated to sign a new “green economy pact” to expedite climate-friendly finance and technology development. This will be their first encounter since Albanese won the election.

The agreement, which has not yet been finalized, is intended to pave the way for future business transactions involving renewable energy and hydrogen between companies based in Australia and Singapore.

Mr. Lee, who is widely regarded as a senior ASEAN leader, has made it a point to advocate on a constant basis for the West and China to locate areas of agreement rather than to escalate their conflict.

Mr. Lee advised Australia’s previous prime minister, Scott Morrison, in Singapore the year before that the country should concentrate less on ideological disagreements with China and more on areas of mutual interest with both countries.

Keep Reading

According to the ABC’s understanding, Mr. Lee’s trip to Australia will take place between October 16 and 18, and will involve not just a trip to the Australian War Memorial but also a meeting with New South Wales Premier Dominic Perrottet.

Mr. Albanese is currently playing host to his Papua New Guinean counterpart, James Marape. On Sunday night, both men attended Brisbane’s Lang Park to watch the Australian Prime Minister’s XIII men’s and women’s sides defeat visiting PNG teams.

Both men are scheduled to leave for Japan on Monday aboard a Royal Australian Air Force (RAAF) jet in order to attend the burial of former Japanese Prime Minister Shinzo Abe, which will also be attended by former Australian Prime Ministers John Howard, Tony Abbott, and Malcolm Turnbull.

The international events come a month before Mr. Albanese is due to jet overseas for three consecutive foreign gatherings. These gatherings include the East Asia Summit in Cambodia, the G20 leaders’ summit in Bali, and APEC in Thailand.

Following Emmanuel Macron and Mr. Albanese’s attendance at the G20 summit in Bali, the Australian Broadcasting Corporation (ABC) reported earlier this month that preparations were under way for the French President to make a second trip to Australia.

Load More By Katherine S
Load More In Economy
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Check Also

Singaporean Japanese supporters shocked by World Cup win over Spain

Japanese football supporters in Singapore were elated by their national team’s World…