Australia signs historic clean energy deal with US

Australian and United States (US) flags lying side by side (california)
Image: Shutterstock

Australia and the United States have signed a bilateral agreement under a Climate, Critical Minerals and Clean Energy Transformation Compact (the compact), establishing climate and clean energy as a central pillar of the Australia and US Alliance.

Related article: Why Biden’s renewables race could set Australia back

The climate pact will see Australia and the US combine resources to develop solar, wind and storage technology, co-ordinate the supply of critical minerals, develop new types of batteries, and support emerging hydrogen markets.

Australian Prime Minister Anthony Albanese and US President Joe Biden met in Japan on the sidelines of the G7 summit to sign the agreement. Under the leadership of Australia’s Department of Climate Change, Energy, Environment and Water and the US National Security Council, Australia and the United States have decided to establish a dedicated forum on Clean Energy Industrial Transformation to set the core objectives of the compact.

“Both countries are determined to, within 12 months, identify concrete actions toward the objectives laid out in this compact,” the White House said in a statement.

“As objectives are met and new challenges arise, this compact should serve as an enduring and evolving mechanism to deepen our cooperation on integrating diverse, responsible, and innovative supply chains, accelerating the net-zero transition, and driving climate ambition and action in the Indo-Pacific and beyond.

Related article: Australia must match Biden’s EV plan or become car dump

“This work also intends to build on the efforts that will be carried out through a new, ministerial-level Dialogue between the Australian Minister for Climate Change and Energy and the US Secretary of Energy in support of the Compact, Australia-US Net Zero Technology Acceleration Partnership, US-Australia Energy Security Dialogue, and other existing bilateral avenues of engagement.”

Previous articleSuperGrid Landholder Payment Framework announced
Next articleSquadron halts wind farm build amid safety concerns