Strengthening trade and investment
Australia is pursuing a range of activities to advance our ambitious climate change agenda, promote trade and investment across green economy sectors and build cooperation to reduce emissions and support the global energy transformation.
Singapore-Australia Green Economy Agreement
Australia and Singapore have concluded a world first Green Economy Agreement. This is a first-of-its-kind agreement that support Australia's economic, trade, investment and climate change objectives.
Indo-Pacific Economic Framework
The 14-member Indo-Pacific Economic Framework negotiations will cover a range of issues including on the environment, clean energy, decarbonisation and infrastructure.
International Clean Energy Partnerships
The Australian Government is working closely with international partners to advance practical action on climate change and build new clean energy industries. The Department of Climate Change, Energy, Environment and Water manages international clean energy partnerships with Germany, India, Japan, the Republic of Korea, Singapore, the United Kingdom and the United States.
Clean Energy Supply Chains
In July 2022, Australia hosted the Sydney Energy Forum to focus attention on supply chain opportunities to support the energy transition. In the margins of the conference, Australia highlighted participation in the Minerals Security Partnership which also includes Canada, Finland, France, Germany, Japan, the Republic of Korea, Sweden, the United Kingdom, the United States and the European Commission.
For assistance with exports or investment in the resources and energy sector visit the Austrade website.
Global Power System Transformation Consortium
Australia is leading the world in the grid integration of distributed and variable renewable energy. CSIRO's Dr John Ward is leading Australia's collaboration internationally through the Global Power System Transformation Consortium.
DFAT has led the Australia-Germany Hydrogen from Renewable Energy Supply Chain Feasibility Study (HySupply). The HySupply website has open-source cost calculators. For other information, see CSIRO's hydrogen portal – HyResource.
Taskforce for Nature Related Finance Disclosure
Australia is the second-largest sovereign funder of the Taskforce on Nature-related Financial Disclosures (TNFD), a global initiative developing a risk management and disclosure framework for businesses to report and act on their nature-related risks and realise nature-positive opportunities. For more information on the Department of Climate Change, Energy, the Environment and Water's engagement with the private sector and the TNFD framework, visit the Department of Climate Change, Energy, the Environment and Water website.
First Nations People
Established in November 2021, the First Nations Clean Energy Network seeks to ensure First Australians play a central role and harness the opportunities from Australia's renewable energy boom. More information on DFAT's support for First Nations people is on our website.
Australia is committed to reducing carbon emissions from aviation. For an update on Australia's action, including Australia's updated State Action Plan, visit the website.
Trade and Investment Success Stories
DFAT's business envoy regularly features stories of successful Australian exporters and investors. The September 2022 edition includes a map of Australia's proposed renewable energy zones and offshore wind farms, as well as the National Energy Resources Australia (NERA) hydrogen hubs.
Diplomatic Academy Toolkit
For additional information on energy, emissions and economic diplomacy, see the Diplomatic Academy Climate, Energy and Environment Toolkit.