Singapore and Australia have teamed up for an initiative that aims to accelerate decarbonisation of both countries’ maritime sectors.
Singapore and Australia each pledged to allocate up to $10 million, in their respective currencies, to fund projects under the initiative. The program anticipates attracting additional financial contributions from industry partners. Through this programme, authorities aim to formulate new solutions, and boost the deployment and uptake of zero or near-zero greenhouse gas emission technologies. This will also look into possible cooperation between Australia and Singapore in green shipping and port infrastructure initiatives.
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