Green finance is the third focus, as both Singapore and the UK are known for developing innovative products in this field, said Ms Owen.
“We are also really keen (to see how) we can harness the potential of carbon markets to underpin the transition, not only in our own countries, but also further afield.”
Ms Owen called the developments at the recent G20 summit in Bali, Indonesia “really significant”, with a wide range of countries supporting the green energy transition with financial and technical assistance as well as technology.
The UK, working alongside the European Union, is also supporting Vietnam in its decarbonisation efforts, with Ms Owen saying “the governments of both countries have made really ambitious commitments”.
Collaboration on sustainability issues also stretches to the education front, said Ms Owen, with 16 top UK universities and Singapore’s six universities working closely at the student and faculty level.
ON TRADE AND CHINA
She said the UK has strong reasons for engaging in this region, such as a growing trade relationship with Asia-Pacific countries now worth 100 billion pounds.
Source: CNA
