--- title: "Singapore, Japan Ink Bilateral Energy Climate Framework — OPIS" type: "News" locale: "en" url: "https://longbridge.com/en/news/279205901.md" description: "Singapore and Japan have established a new bilateral Energy, Sustainability, and Climate Change Cooperation Framework to enhance collaboration on energy transition and decarbonization. This framework focuses on cross-border electricity imports, low-carbon hydrogen, carbon capture, and offshore wind, among other areas. It builds on a previous Memorandum of Cooperation and supports both countries' commitments under the Paris Agreement. Singapore aims for net-zero emissions by 2050, while Japan targets a 46% reduction in greenhouse gas emissions by 2030. The framework includes policy exchanges and financial support to accelerate project deployment." datetime: "2026-03-16T05:15:28.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/279205901.md) - [en](https://longbridge.com/en/news/279205901.md) - [zh-HK](https://longbridge.com/zh-HK/news/279205901.md) --- # Singapore, Japan Ink Bilateral Energy Climate Framework — OPIS Singapore and Japan are collaborating further on energy transition and decarbonization through a new bilateral Energy, Sustainability, and Climate Change Cooperation Framework, according to a news release by Singapore's Ministry of Trade and Industry on Sunday. The framework targets joint efforts in cross-border electricity imports; low-carbon hydrogen/ammonia; carbon capture, utilization and storage; civil nuclear energy; LNG; advanced grid systems; and offshore wind. Areas of collaboration will include policy exchanges, business matching, financial support facilitation and standards harmonization to accelerate project deployment. The new framework expands on a 2024 Singapore-Japan Memorandum of Cooperation focused on carbon capture and storage cooperation, reflecting developed ties in energy security and net-zero goals. Ongoing projects by Singapore-based firms include Seatrium's heavy-lift vessels for Japanese offshore wind and Sembcorp's efforts to develop green ammonia supply chains with Sojitz and Kyushu Electric. The framework also supports both countries' Paris Agreement pledges. Singapore has committed to net-zero emissions by 2050, with interim targets to cut emissions to about 60 million metric tons of carbon dioxide equivalent in 2030 and 45 million to 50 million mt by 2035. It implements this through its carbon tax regime, currently at S$45 ($35.12) per metric ton and set to rise to S$50-S$80/mt by 2030. Japan aims to reduce greenhouse gas emissions by 46% from 2013 levels by 2030 and 60% by 2035. It pursues emissions trading via its Tokyo Cap-and-Trade, Joint Crediting Mechanism for international credits and GX Emission Trading Scheme, alongside subsidies for low-carbon technologies. This content was created by Oil Price Information Service, which is operated by Dow Jones & Co. OPIS is run independently from Dow Jones Newswires and The Wall Street Journal. \--Reporting by by Sang Ah Lee, slee@opisnet.com; Editing by Mei-Hwen Wong, mwong@opisnet.com (END) Dow Jones Newswires March 16, 2026 01:01 ET (05:01 GMT) Copyright (c) 2026 Dow Jones & Company, Inc. ### Related Stocks - [1568.JP](https://longbridge.com/en/quote/1568.JP.md) - [1475.JP](https://longbridge.com/en/quote/1475.JP.md) - [1473.JP](https://longbridge.com/en/quote/1473.JP.md) ## Related News & Research - [Japan sees private credit as a policy pillar despite overseas market turmoil](https://longbridge.com/en/news/282952945.md) - [IMF advises Japan to tighten policy, limit broad fiscal spending](https://longbridge.com/en/news/283015574.md) - [Japanese Firms Reduce Share Buybacks for First Time Since 2020](https://longbridge.com/en/news/281588090.md) - [Japan 2-year bond yield rises to nearly 30-year high on rising inflation pressure](https://longbridge.com/en/news/280557004.md) - [RUBBER-Japan futures gain as costly butadiene spurs shift to natural rubber](https://longbridge.com/en/news/280273291.md)