EVERYONE ’ S TALKING ABOUT THE … US-SINGAPORE CLIMATE PARTNERSHIP ?
What ’ s that ? A partnership established in August between the US and Singapore in which both countries will better collaborate on the green economy . The aim ? To create opportunities for businesses and workers in green growth sectors .
What sectors will be spotlighted ? Sustainable finance , including the use of private capital for sustainable infrastructure and environmental risk management in the financial sector ; energy transitions
including sustainable transport ; and quality carbon credit markets . The partnership may also involve expert consultations on the setting of green standards and the management of environmental financial risks . In 2022 , the countries will launch new programs to help cities become more sustainable via lowering of emissions .
Why these two countries ? The US and Singapore have a longstanding , multi-faceted bilateral relationship with a shared vision and mutual interests . Both are fully committed to taking bold climate actions and believe sustainability and economic growth can go hand-in-hand .
What else will they partner on ? Other key areas of cooperation will include cybersecurity , supply chain resilience , and economic cooperation . They ’ ve concluded three agreements on cybersecurity and announced the launch of a new Partnership for Growth and Innovation with plans to convene on a highlevel dialogue on supply chain resilience .
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