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Australia joins the fight at COP 28


Australia teamed up with at least 39 countries and institutions, including the United States, the United Kingdom, Canada and Fiji, to align international investment strategies with net zero priorities.

The federal government signed up to the Statement on International Public Support for the Clean Energy Transition Partnership (CETP), at COP28 in Dubai.

“Climate Change represents the greatest threat to the livelihoods, security and wellbeing of the peoples of the Pacific,” Minister for Foreign Affairs Senator Penny Wong said.

“Dealing with this threat means making smarter, more targeted investments across our region.

“That’s why we’re already contributing at least $350 million in climate infrastructure for the region, including $75 million for a program for off-grid and community scale renewable energy in remote and rural parts of the Pacific.

“Joining the CETP further aligns our international public support with Pacific priorities.”

This reinforces Australia’s commitment to build a global net zero economy, while working to align global finance commitments with the goals of the Paris Agreement.

“After a decade of denial and delay, Australia is finally being taken seriously as a constructive international trading partner and investor determined to take meaningful action on climate change,” Minister for Climate Change and Energy Chris Bowen said.

“Signing up to the CETP demonstrates Australia’s ambitions to play an active role in building a net zero economy, while aligning our international investments with the goals of the Paris Agreement.

“The Albanese Government is proud to stand alongside the US, UK and our Pacific partners including Fiji to support the transition of international public support towards the clean energy transformation.”

The Statement on International Public Support for the Clean Energy Transition, more commonly referred to as the ‘Glasgow Statement’ or ‘CETP’, was launched by the United Kingdom at COP26 in 2021.

“Australia is investing in the technology that will mean cheaper, cleaner, and more reliable energy for Australia, the Pacific and the broader Indo-pacific,” Assistant Minister for Climate Change and Energy Senator Jenny McAllister said.

“Our renewable energy transformation is not just important for our country; it is important for our region.”

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