AP

Australia and Singapore strike agreement to achieve net-zero

Oct 17, 2022, 12:47 PM | Updated: Oct 18, 2022, 12:50 am

Prime Minster of Singapore Lee Hsien Loong, left, and Australia's Prime Minster Anthony Albanese sh...

Prime Minster of Singapore Lee Hsien Loong, left, and Australia's Prime Minster Anthony Albanese shake hands during a press conference at Parliament House in Canberra, Australia, Tuesday, Oct. 18, 2022. Lee is on a 2-day visit to Canberra. (AP Photo/Hilary Wardaugh)

(AP Photo/Hilary Wardaugh)

CANBERRA, Australia (AP) — Australian and Singaporean leaders announced Tuesday what they described as a world-first agreement to cooperate in transitioning their economies to net-zero greenhouse gas emissions.

Singapore’s Prime Minister Lee Hsien Loong and Australia’s Prime Minister Anthony Albanese outlined their so-called Green Economy Agreement between the two countries after an annual meeting in the Australian Parliament House.

The agreement has 17 components that cover facilitating trade and investment in green services, harmonizing standards and building green growth sectors through collaboration between business.

Australia has committed to reducing its emissions to net-zero by 2050 and Singapore is considering adopting the same target.

Albanese described Singapore as “one of the most innovative economies in the world,” while Australia had the potential to become a “renewable energy superpower” due to its vast open spaces and relatively small population.

The agreement “will support clean energy innovation, unlock business opportunities and create jobs, and help deliver our mission’s targets while positioning Australia as a renewable energy superpower,” Albanese said.

Lee foreshadowed further cooperation in cross-border electricity trade and “sustainable aviation” through what he described as the “world’s first such agreement.”

“These are all areas which are of interest to Singapore and to Singapore businesses and we hope with a Singapore-Australia GEA they’ll be able to move forward,” Lee said.

“But we also hope with this GEA will encourage other countries to look at what we have been able to do and to ask whether some of this may not make sense to them to do with Singapore or to do with each other,” Lee added.

Singapore is already planning to use solar power from northern Australia transmitted by a 4,200-kilometer (2,600-mile) submarine cable.

Singaporean company Sun Cable plans to start construction in 2024 of the 30 billion Australian dollar ($19 billion) Australia-Asia PowerLink project that will include 12,000 hectares (30,000 acres) of solar panels near the northern Australian city of Darwin.

Albanese described the export of Australian solar power to Singapore as an “ultimate win-win.”

“If this project can be made to work — and I believe it can be — you will see the world’s largest solar farm, you will see the export of energy across distances … (and) the production of many jobs here in Australia, including manufacturing jobs,” Albanese said.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

AP

Photo: A delegate wears a hat with pins during the Republican National Convention Monday, July 15, ...

Christine Fernando, Steve People and Jill Colvin, The Associated Press

Rep. Walsh speaks for Washington as cheering GOP delegates nominate Trump for president

Cheering GOP delegates formally nominated Donald Trump for president at Monday's Republican National Convention kickoff.

7 days ago

Photo: Sen. J.D. Vance, R-Ohio, right, points toward Republican presidential candidate former Presi...

Jill Colvin, Julie Carr Smyth, Steve Peoples and Zeke Miller, The Associated Press

Trump picks Sen. JD Vance of Ohio, a once-fierce critic turned loyal ally, as his GOP running mate

Donald Trump named Sen. JD Vance of Ohio as his running mate, choosing a onetime critic who became a loyal ally.

7 days ago

trump assassination...

Ayanna Alexander, The Associated Press

What to know about Trump assassination attempt and the investigation into the shooting

Authorities want to know how a shooter was able to get on top of a roof so close to where former President Donald Trump was speaking and open fire.

7 days ago

Photo: Republican presidential candidate former President Donald Trump is surrounded by U.S. Secret...

Julie Carr Smyth, Jill Colvin, Colleen Long, Michael Balsamo, Eric Tucker and Michelle L. Price, The Associated Press

Trump heads to convention as authorities investigate motive, security in assassination attempt

Trump called for unity and resilience after an attempt on his life added fresh uncertainty to an already tumultuous presidential campaign.

7 days ago

Photo: President Joe Biden speaks from the Roosevelt Room of the White House in Washington, Sunday,...

Will Weissert and Zeke Miller, The Associated Press

In primetime address, Biden says country must not go down road of political violence

President Joe Biden says “we can’t, we must not go down” the road of political violence in America after the attempted Trump assassination.

7 days ago

Photo: President Joe Biden speaks at a news conference following the NATO Summit in Washington, Thu...

Zeke Miller, Seung Min Kim, Lisa Mascaro and Colleen Long, The Associated Press

Biden says during news conference he’s going to ‘complete the job’ despite calls to bow out

Biden used his highly anticipated news conference to deliver a defense of his policies and batted away questions about his ability to serve.

11 days ago

Australia and Singapore strike agreement to achieve net-zero