Australian Department of Foreign Affairs and Trade’s Post

Are you in the clean energy space? Are you looking to go global? To help you on your way, we unpack the Australian Department of Foreign Affairs and Trade's Singapore Green Economy Agreement to highlight the opportunities for Australian businesses abroad.   The first of its kind, this agreement opens paths for collaboration across: 📈 Promoting trade in the green economy 🛳 Green shipping 🤝 Co-innovation through Go-Green Co-Innovation Program 💲 Sustainable and green finance/investment 👩🏭 Building green skills and workforce 🔌 Supporting the set-up of cross-border electricity trade.   Singapore is Australia's largest two-way trading partner and investor in Southeast Asia, contributing $50.5 billion in trade. The Singapore-Australia Green Economy Agreement will create global opportunities for Australian businesses in the recycling and clean energy sector.   Last week, we saw this firsthand at the CleanEnviro Summit Singapore. Our Research & Commercialisation Director Gabriella Nunes presented the Trailblazer for Recycling and Clean Energy (TRaCE) program on the 'Australia on the Global Stage - Navigating Sustainable Futures'. It was great to see participants and friends of the Trailblazer program there as well including ARC ENTO TECH LTD, HydGene Renewables and collaborator Charlotte Connell.    We were grateful to be included, especially after welcoming a delegation from Singapore organised by the Australian Department of Foreign Affairs and Trade to Newcastle Institute for Energy and Resources a week prior to see some of TRaCEs' supported research up close. Stay tuned for a full wrap up of the conference coming soon.   In the meantime - check out the opportunities created by the Singapore-Australia Green Economy Agreement!  https://lnkd.in/g6aJPvr2 #GreenEconomy #SingaporeGreenEconomyAgreement #SingaporeAustralia #Lab2Market #TRaCE

The newly launched Go-Green Co-Innovation Program (GGCIP) - a key initiative under the Singapore-Australia Green Economy Agreement - seeks to facilitate green co-innovation between #Australia and #Singapore in sectors like renewable energy, sustainable agribusiness, built environment, waste management, and environmental monitoring. 🇦🇺♻🇸🇬 Enterprise Singapore and Australian Department of Foreign Affairs and Trade have committed up to $20 million to incentivise and facilitate Australian SMEs and Singaporean companies to work together on collaborative projects focused on green trade and commerce through the #GGCIP. 🌱 Grants can be used to fund the development and commercialisation of green products, services or technologies that drive the #decarbonisation of economic activities or help Singapore and Australia transition to #NetZero emissions. Apply by 4 December 2023 at 24:00 AEDT Visit for more information about Australian Grant guidelines, FAQs and application: https://ow.ly/3NoM50Q5fSz Watch the applicant briefing on application process for Australian applicants, including eligibility and assessment criteria, and the proposed timeline: https://ow.ly/ScNq50Q5fSx. Find a Singapore business partner: https://ow.ly/PnVN50Q5fSw Australian High Commission Singapore

I'm delighted to see some familiar names announced in Round 1 of the Australia-Singapore "Go-Green Co-Innovation Program". This is a key initiative under the world-leading Singapore-Australia Green Economy Agreement, which was signed back in 2022. It's designed to provide financial support to help drive co-innovation between #singaporean and #australian small and medium #enterprises that are developing #greeneconomy products and services. The program is advancing the #decarbonisation of economic activities between our countries and fuelling our transition to #netzero emissions. The grants support projects in priority green economy sectors, including: #renewableenergy and #cleanenergy; #sustainable #agribusiness and #food; #builtenvironment and #infrastructure; #wastemanagement and #circulareconomy; and #environmental #monitoringandevaluation. Australian Government and Gov.sg have set aside $20 million to support relevant and eligible projects over coming years. * Importantly, second grant round is expected, with a call for application likely to be announced in mid-2024. You can register your interest in the program at: ggcip@dfat.gov.au Congratulations - JetZero givvable.com Roobuck FootprintLab Australian Department of Foreign Affairs and Trade and Enterprise Singapore.

🌍 𝗟𝗮𝘂𝗻𝗰𝗵 𝗼𝗳 𝘁𝗵𝗲 𝗦𝗶𝗻𝗴𝗮𝗽𝗼𝗿𝗲 𝗖𝗮𝗿𝗯𝗼𝗻 𝗠𝗮𝗿𝗸𝗲𝘁 𝗔𝗹𝗹𝗶𝗮𝗻𝗰𝗲 🌍 The Singapore Carbon Market Alliance (SCMA) has been launched to scale up the trade of high-quality carbon credits, aligned with Article 6 of the Paris Agreement. This initiative will boost both national and global climate action efforts. 𝗞𝗲𝘆 𝗵𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀: 𝗖𝗮𝗿𝗯𝗼𝗻 𝗧𝗮𝘅 𝗮𝗻𝗱 𝗥&𝗗: Singapore introduced a carbon tax and is investing in low-carbon hydrogen and carbon capture technologies. 𝗜𝗻𝘁𝗲𝗿𝗻𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗣𝗮𝗿𝘁𝗻𝗲𝗿𝘀𝗵𝗶𝗽𝘀: Pursuing Article 6.2 partnerships with over 20 countries, including signed agreements with Papua New Guinea and Ghana. 𝗩𝗼𝗹𝘂𝗻𝘁𝗮𝗿𝘆 𝗖𝗮𝗿𝗯𝗼𝗻 𝗖𝗿𝗲𝗱𝗶𝘁𝘀: Enables businesses to exceed compliance and drive sustainability within and beyond their value chains. The SCMA will convene businesses, trusted carbon services firms, and government agencies to support vibrant and high-integrity carbon markets. This is a significant step towards achieving net-zero emissions by 2050. Read more here: https://lnkd.in/gdEgWu6M 🔹 Ready to take part in this transformative initiative? Contact us to learn how we can help you secure grants and navigate the carbon markets for sustainable growth. #Sustainability #ClimateAction #CarbonMarkets #NetZero #BusinessGrants #SCMA #Innovation

Pollination is pleased to be a foundation member of the Singapore Carbon Market Alliance, which launches today. High-quality carbon credits can support investments in emerging climate technologies and nature-based solutions and complement the decarbonisation strategies of companies to achieve their climate goals. Singapore is seeing increasing interest from companies in carbon credits to meet their global sustainability goals. Access to carbon credits will be especially important for companies in hard-to-abate sectors where low-carbon technologies need time to be commercially available. The SCMA is the first platform in Singapore focused on high-integrity carbon credits that are aligned with Article 6 of the Paris Agreement – and the latest initiative to increase Singapore’s leadership as a regional node for carbon services and trusted carbon markets. A joint initiative by the Singapore Economic Development Board (EDB) and IETA, the SCMA directly connects leading international suppliers and enablers of carbon markets to Singapore-based corporates with a demonstrated commitment to #sustainability and interest in high-quality carbon credits. Find out more about the alliance at the link in the first comment

Highlights from the first EU-Singapore Dialogue on Facilitating Sustainable Investments in Southeast Asia via the #GlobalGateway 🏗️🌿 🔗 Find the full event recording and main takeaways here: https://lnkd.in/gPF7qkiC The event was held on Thursday, 25 January 2024, and co-organised with the European Chamber of Commerce, Singapore (EuroCham Singapore). It brought stakeholders together to discuss ways to facilitate green and sustainable investments in Southeast Asia. The Global Gateway offer is well placed to address funding gaps and accelerate the development of project pipelines in Southeast Asia. Private funds, multilateral financial institutions and government agencies present at the event expressed marked interest in Global Gateway. Southeast Asia is one of the most dynamic regions in the world, and presents significant investment opportunities for years to come, particularly in sustainable infrastructure, energy systems and digital connectivity. With an average economic growth of 4.5-5.5% in Southeast Asia, private sector investment to the region has been robust, representing 80% of global foreign direct investment (FDI) allocated in 2022. The digital economy, currently valued at $1 trillion, is expected to double to $2 trillion by 2030. The Global Gateway emerges as a strategic initiative to assist in the mobilisation of capital for sustainable investments in Southeast Asia, with €10 billion budgeted investments to be realised by 2027. Overall, the dialogue served as a platform for constructive discussions and exchange of experiences related to green transition projects. The Global Gateway emerges as a catalyst for sustainable investment in Southeast Asia, leveraging innovative blended finance approaches to de-risk projects, mobilise private capital, and accelerate the development of green energy, infrastructure and connectivity projects, among others. Singapore, as a global financial hub guided by forward-looking institutions, is well suited to provide an enabling environment for financing projects grounded on the same sustainability agenda and European values at the heart of Global Gateway. Heartfelt thanks to: - keynote speakers Dr Kay Parplies (European Commission) and Ms Sunita LUKKHOO (European Investment Bank (EIB); - moderators Prof Lay Hwee Yeo (SIIA) and Mr Federico Donato (EuroCham); - panellists, Dr Terry van Gevelt (Singapore Management University), Ms Shi Min Tan (Monetary Authority of Singapore (MAS)), Ms Victoria Delmon (IFC - International Finance Corporation), Mr Abhishek Badkul (Standard Chartered Bank), Mr Marat Zapparov (Pentagreen Capital) and Mr Maurits Fliehe Boeschoten - Dutch entrepreneurial development bank) #TeamEurope Justyna Lasik Benoit Sauveroche Jean Pierre De Meerleer Sánchez Giulia Pepita De Bernardi Deepika Shetty

Singapore Carbon Market Alliance | Singapore’s latest initiative to increase it's leadership as a regional node for carbon services and trusted carbon markets High-quality carbon credits can support investments in emerging climate technologies and nature-based solutions, and complement the decarbonisation strategies of companies to achieve their climate goals. Singapore is seeing increasing interest from companies in carbon credits to meet their global sustainability goals. Access to carbon credits will be especially important for companies in hard-to-abate sectors where low-carbon technologies need time to be commercially available. The Singapore Carbon Market Alliance (#SCMA) is the first platform in Singapore focused on high-integrity carbon credits that are aligned with Article 6 of the Paris Agreement – and the latest initiative to increase Singapore’s leadership as a regional node for carbon services and trusted carbon markets. A joint initiative by the Singapore Economic Development Board (EDB) and IETA (formerly the International Emissions Trading Association), the SCMA directly connects leading international suppliers and enablers of carbon markets to Singapore-based corporates with a demonstrated commitment to sustainability and interest in high-quality carbon credits.... https://bit.ly/4cq9Aoh Singapore Economic Development Board (EDB) IETA #Singapore #CarbonMarket #NetZero #SoutheastAsia

🌿Turning Challenges into Opportunities: Singapore's Green Plan 🌿 This week I attended a session run by The Matcha Initiative with Senior Minister, Dr Poh-Koon Koh, discussing Singapore's Green Plan for sustainability. It was an honour to be one of the facilitators for the evening and to meet so many new and inspiring people. As Dr Koh highlighted, despite only contributing 0.1% to global emissions, Singapore is committed to significant climate action through its Green Plan. Here are some of the highlights the discussion touched on: 🌿Net-Zero by 2050: Singapore targets net-zero emissions by 2050, with a 2030 goal for government agencies, underscoring its climate commitment. 🌿Solar and Clean Energy: Plans are in place to increase solar energy capacity and increase clean energy imports. 🌿Electric Transport by 2040: Singapore aims for a fully electric transport system, focusing on developing EV infrastructure. 🌿Balancing Growth and Sustainability: Singapore emphasizes 'green growth,' using economic development to fund sustainability initiatives. 🌿Green Financing Hub: Leveraging its status as a finance hub, Singapore aims to drive green financing for sustainable regional projects. 🌿Collective Responsibility: Singapore actively encourages individuals and businesses to participate in emission reduction efforts. The session highlighted Singapore's holistic approach to sustainability, addressing economic, environmental, and social factors. The Green Plan outlines the steps towards better sustainability, emphasizing the need for collective action in transitioning to a low-carbon economy. Thank you to everyone involved! #Sustainability #ClimateAction #SingaporeGreenPlan #RenewableEnergy #GreenGrowth #GreenFinance #TheMatchaInitiative

We are delighted to join the Singapore Carbon Market Alliance (SCMA) as a launch member!  The Alliance is the first platform in Singapore focused on high-integrity carbon credits aligned with Article 6 of the Paris Agreement and is convened by the Singapore Economic Development Board (EDB) and IETA. We know that a transparent and robust carbon market is crucial in global efforts to combat climate change. Through the Alliance, we’ll be able to collaborate with industry leaders, policymakers, and stakeholders to enhance market integrity and advance innovation to bring cutting-edge carbon reduction solutions to market.  This membership complements our work under the Asia Centre of Carbon Excellence (ACCE), a new hub launched in collaboration with @GenZero that focuses on innovative and novel carbon project development, carbon policy, and capacity-building in the region. 👉 Read more about the Singapore Carbon Market Alliance here: https://lnkd.in/e-FRkz4Z #SingaporeCarbonMarketAlliance #CarbonMarket

💥 It's been officially announced - Singapore sets mandatory climate-related reporting for listed and large non-listed companies. Beginning in 2025 for listed entities and extending to large non-listed companies by 2027, Singapore's new reporting aims to elevate sustainability practices and align with the International Sustainability Standards Board (ISSB) guidelines. The initiative, introduced by the Second Minister for Finance Chee Hong Tat, emphasizes the importance of incorporating climate risks into business reporting to improve access to financing and support transition to a green economy. This strategic move positions Singapore as a leader in sustainable finance, highlighting the growing global trend towards incorporating climate-related risks in the financial sector. We discussed other ISSB requirements in APAC countries in this article 👉 https://bit.ly/49PTS4M Full news announcement: https://bit.ly/3wAbQdn #climaterisk #disclosures #sustainability #regulators #Singapore #ISSB #news