Australia has signed a new climate and energy partnership with the UK to support domestic and international renewable energy markets and advance the clean energy transition.
The partnership was signed at the Conference of the Parties (COP29) United Nations climate summit in Baku, Azerbaijan.
The Federal Government said the Australia–UK Climate and Energy Partnership reflects the shared ambition to:
- Act on climate change
- Play significant roles in the global clean energy transition
The new partnership replaces the existing technology partnership from 2021, reflecting the increased ambition for climate action by both Australia and the UK.
The Federal Government said that by joining forces, Australia and the UK aim to support domestic and international clean energy markets.
The partnership focuses on two key areas:
- Net zero technology cooperation – cooperating on renewable energy technologies and investments, including hydrogen, offshore wind, energy storage and clean transport as well as working on creating common standards for these technologies so they can be used worldwide in a more efficient way.
- International climate cooperation – focus and coordinate global climate action under the Paris agreement through key multilateral groupings, including the G20, the IEA as well as the UNFCCC to drive global climate ambition.
The Federal Government said through the partnership, both countries aim to strengthen respective economies, all while tackling climate change and encouraging other nations to do the same.
