sea.
Blended finance refers to a mix of sources of capital to support sustainable projects in developing countries. Both countries will also explore financing solutions in areas such as carbon credit projects, carbon capture and storage, and the development of renewable energy solutions to support regional decarbonisation.
"Such partnerships will enable Singapore to achieve our net-zero goal by or around mid-century, as we create and seize new green growth and job opportunities," added Mr Teo, who also chairs the Inter-Ministerial Committee on Climate Change. Indonesia took over the leadership of the G-20 this year, and Mr Luhut invited Singapore to join its Blended Finance Alliance.Singapore, although not a G-20 member, has been invited to participate in the G-20 summits and its related processes.New age in Singapore's relations with Indonesia