Australia, Singapore sign green economy agreement

A wind turbine stands at the Hornsdale wind farm, operated by Neoen SAS, near Jamestown, South Australia, on Sept 29, 2017. (PHOTO / BLOOMBERG)

CANBERRA- Australia and Singapore signed a green economy agreement here on Tuesday.

Australian Prime Minister Anthony Albanese hosted his Singaporean counterpart Lee Hsien Loong for talks in Canberra where the pair signed the agreement.

Today, we open a new chapter in the comprehensive strategic partnership between Australia and Singapore. The green economy agreement signals collective resolve to confront challenges as we transition our economies to net zero.

Anthony Albanese, 

Australian Prime Minister 

ALSO READ: Australia cracks down on companies misleading environmental claims, fake reviews

Speaking after their meeting, Albanese said the deal would support clean energy innovation between the two nations.

"Today, we open a new chapter in the comprehensive strategic partnership between Australia and Singapore," he told reporters.

READ MORE: Australia passes climate law for net zero emissions by 2050

"The green economy agreement signals collective resolve to confront challenges as we transition our economies to net zero. It will support clean energy innovation, unlock business opportunities and create jobs, and help deliver our emission's targets while positioning Australia as a renewable energy superpower," he said.