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Climate Change

Japan and Singapore to push decarbonization investments in Asia

Industry ministries support gradual steps to curb emissions in emerging economies

A thick cloud of smoke billows from a coal-burning power station in Beijing. Transitioning to green technology could be costly for companies.    © Reuters

TOKYO -- Japan and Singapore will work together to promote investment in decarbonization efforts, from the installation of renewable capacity to more transitional steps like replacing coal with natural gas.

Hiroshi Kajiyama, the Japanese industry minister, and his Singaporean counterpart, Gan Kim Yong, agreed at a recent meeting to set up a dialogue for energy transition, to deepen their ministries' cooperation on securing financing for decarbonization projects.

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