Singapore-Indonesia joint task force to study development of sustainable industrial zone

Singapore and Indonesia will form a joint task force to study the development of a sustainable industrial zone in Bintan, Batam and Karimun. These are part of larger efforts to further low-carbon cooperation and build foundations for a stronger ASEAN power grid. Both countries also inked Memorandums of Understanding on cross-border electricity trade and cross-border carbon capture and storage. Singapore's Minister-in-charge of Energy, Science and Technology Tan See Leng said this will be crucial for decarbonising economic activities that are hard to abate. Professor Sumit Agarwal from the NUS Business School shared more about sustainable industrial zones and how both countries would stand to benefit.