Australia and Singapore have signed a memorandum of understanding that will see the two countries work together to accelerate low emissions technologies.

The Australian government confirmed the signing of the MoU on Monday, which will see the two countries share technical knowledge and experience, and collaborate on the development of new technologies that will reduce emissions.

Included in the technologies and solutions to be advanced under the agreement are hydrogen, as well as carbon capture, utilisation and storage.

The two countries will also cooperate on renewable energy trade, emissions monitoring and emission reduction strategies, including the role of technology in achieving low emissions outcomes.

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Work under the MoU will be progressed through annual meetings involving officials from both countries.

“Technological progress is the only way to reduce emissions while continuing to grow our economies and maintain reliable and affordable energy,” Australia’s Minister for Energy and Emissions Reduction, Angus Taylor, said.

“Our vision is to be a global leader in low emissions technology solutions. It’s a plan that will bring the world with us, creating jobs and supporting future prosperity.

"Our co-operation is a practical demonstration of our ambition to drive down the cost of the technologies that will support jobs, lower energy costs and reduce emissions.”

The agreement with Singapore builds on recent agreements on hydrogen the Australian government has signed with several countries, including Japan, Korea and Germany, as it looks to become a “future hydrogen export powerhouse”.