Strengthening trade and investments
Australia advocates for a positive role for trade and investment policies in reducing global emissions. DFAT's economic and commercial diplomacy programs support Australian businesses to secure emerging global opportunities in the new energy economy.
To reach net zero as soon as possible, the global community needs to focus on the ‘how’
Australia is backing technology to drive pathways to net zero global emissions. Australia's focus is on driving down the costs of priority technologies – reducing the ‘green premium’ through leveraging private sector co-investment and partnering globally.
Trade can play a positive role to support global emissions reductions efforts
Australia has long been an outward-looking, open trading economy. As we confront the challenge of global emissions reduction, Australia is a strong advocate for approaches that stimulate trade flows in low emissions technologies and reinforce collaboration in international trade and climate bodies. Australia supports environmental goods and services liberalisation through multilateral and regional engagement, including in the World Trade Organization and Asia-Pacific Economic Cooperation.
Trade can help scale low emissions technologies.
Trade can help make low emissions technologies, such as clean hydrogen, commercially viable, accelerating their global uptake by driving scale and fostering innovation. Trade can take emerging low emissions technology industries to scale, fostering innovation and improving access, helping make net zero achievable for developed and developing countries. Removing trade barriers can reduce trade-related costs, reducing the ‘green premium’ of low emissions technologies and accelerating uptake.