ROME, Oct. 31 (Yonhap) — President Moon Jae-in and Australian Prime Minister Scott Morrison agreed Sunday on a carbon-neutral technology partnership, allowing the two countries to enhance their cooperation in the areas of hydrogen, solar and solar energy use. Other low carbon technologies.
Moon and Morrison issued a joint statement on the partnership after a bilateral summit held on the sidelines of the G20 summit in the Italian capital, according to presidential spokesman Park Kyung-mi.
Park said the partnership highlighted Seoul and Canberra’s joint efforts to combat global warming.
Under the agreement, Australia will share carbon capture, use and storage (CCUS) technology with South Korea.
Australian CCUS technology will help Seoul significantly reduce greenhouse gas emissions, Park said.
This year, South Korea will provide subsidies for hydrogen uses by South Korean and Australian companies, the statement said.
Moon and Morrison believe that synergy could be created between hydrogen vehicle technology in South Korea and hydrogen production in Australia.
During the meeting, Moon and Morrison also noted that the two countries are celebrating the 60th anniversary of the establishment of diplomatic relations this year.
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