Expanding International Partnerships
Cook AP
Author
The Albanese Government has established comprehensive climate and clean energy partnerships with key international partners, focusing on technology sharing, trade opportunities, and practical climate action.
As part of Australia's renewed international climate leadership, the government has signed or enhanced partnerships with major economies to accelerate the clean energy transition and strengthen supply chains.
Since 2022, Australia has developed strategic climate and energy partnerships with multiple nations, each focusing on specific areas of cooperation. Key partnerships include the US Climate, Critical Minerals and Clean Energy Transformation Compact, the India-Australia Renewable Energy Partnership, and agreements with China, Germany, Japan, Singapore, the UK, Korea, and the Netherlands. These partnerships focus on practical cooperation in areas such as hydrogen development, critical minerals, renewable energy technology, and industrial decarbonisation. The government has also committed significant funding to support climate action, including $50 million for the Fund for Responding to Loss and Damage and $75 million for Southeast Asia's clean energy transition.
Nine major bilateral partnerships established or enhanced (US, China, India, Japan, Korea, Singapore, UK, Germany, Netherlands)
$200 million KINETIK partnership with Indonesia launched March 2024
$30 million Australia-Singapore partnership for maritime emissions reduction
$50 million contribution to Loss and Damage Fund (2024)
$75 million investment in Singapore's FAST-P initiative
From DFAT:
$75 million equity investment in Singapore's Financing Asia's Transition partnership to support the clean energy transition
At least $350 million in climate resilient infrastructure through the Pacific Climate Infrastructure Financing Partnership
$200 million for the Australia-Indonesia Climate and Infrastructure Partnership
USD200 million guarantee for the Asian Development Bank's Innovative Financing Facility for Climate in Asia and the Pacific
$208.5 million for the Climate Resilient Communities Facility
$50 million for the Fund for responding to Loss and Damage
$100 million in foundational funding for the Pacific Resilience Facility
$80 million for the Global Environment Facility
$50 million for the Green Climate Fund
[1] https://www.dcceew.gov.au/climate-change/international-climate-action/international-partnerships