EVENT: A global climate action address by the Minister for Climate Change and Energy, Hon Chris Bowen
Nov 21, 2023
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Hon Chris Bowen, Minister for Climate Change and Energy, discusses Australia's priorities and renewable energy transition leading up to COP, potential for exporting renewable energy, prospects for progress at COP, importance of taking action, maximizing funds for vulnerable countries, sectoral decarbonisation programs and sustainable plantation forestry, and Australia's decision to rejoin the UN's Green Climate Fund.
Australia aims to become a Renewable Energy Superpower by reaching 82% renewable energy by 2030, leveraging its abundant renewable resources and promoting clean energy industries.
Australia remains committed to incremental change in international climate negotiations, recognizing the importance of collaboration and its credibility as a constructive interlocutor.
Australia is developing sectoral plans to decarbonize various sectors, including heavy transport and resources, and will work closely with industries and stakeholders to ensure a smooth transition.
Deep dives
Australia's commitment to climate change and energy transition
Australia has made significant commitments to address climate change and transition to renewable energy sources. The country aims to reduce carbon emissions and achieve net zero emissions. This commitment is reflected in the target of reaching 82% renewable energy by 2030, up from around 33% when the current government came to power. Australia recognizes the importance of renewables not only for reducing emissions but also for affordability, reliability, and energy security. The country believes that its abundant renewable resources, such as solar and wind, can make Australia a renewable energy superpower. The government is also focused on fostering international partnerships, leveraging its renewable energy potential, attracting global capital, and promoting clean energy industries to drive economic growth and job creation.
Multilateralism and Australia's role in international climate negotiations
Australia acknowledges the challenges of multilateral forums and the need for incremental change in international climate negotiations. Despite the difficulties in reaching consensus among nations, Australia remains committed to staying the course and working towards progress. The country recognizes the benefits of collaboration and believes that even incremental change can make a significant impact. Australia has been actively engaged in international discussions, highlighting the importance of climate action and renewable energy. The government's actions and commitments have led to a boost in Australia's credibility in international discussions, and the country is seen as a constructive interlocutor. Australia also acknowledges the importance of addressing the changing responsibilities of developed countries in supporting climate finance and adaptation efforts, in order to maximize funding to vulnerable countries and maintain community support.
Sectoral decarbonization and supply chain challenges
Australia recognizes the need to decarbonize various sectors and address supply chain challenges to achieve its climate goals. The government is developing sectoral plans to guide the transition and provide clarity to investors and industries. The plans will address the decarbonization of sectors such as heavy transport and resources, taking into account the specific challenges and opportunities within each sector. For instance, the transport sector will focus on both light and heavy vehicles, considering the adoption of electric and hydrogen technologies. The government also acknowledges the role of sustainable plantation forestry in the supply of feedstock for biofuels, which will play a significant role in achieving decarbonization targets. Australia is committed to working closely with industries, investors, and stakeholders to ensure a smooth transition and capitalize on the economic opportunities of the energy transition.
Key outcomes of COP 28
COP 28 will include the first ever global stock take to assess the current state of climate action. This discussion aims to drive action on financial and technical support and promote behavioral changes.
Australia's role in climate discussions
Australia is committed to stronger mitigation language and strives for practical outcomes in international climate fora. The country recognizes the need for funding arrangements that benefit vulnerable countries and supports a broader donor base, including private and innovative sources of finance.
A policy address given by the Minister for Climate Change and Energy, Hon Chris Bowen.
Chris Bowen entered Parliament in 2004 and has held a wide range of portfolios including serving as Treasurer, Minister for Human Services, Minister for Immigration and Minister for Financial Services. He served as Interim Leader of the Labor Party and Acting Leader of the Opposition following the 2013 Federal election and served as Shadow Treasurer.
This November, the world's attention will be on the 28th United Nations Conference of the Parties (COP28) on climate change held in Dubai. As countries convene to agree on efforts to mitigate the consequences of climate change, questions arise: what are the implications for Australia and what role does Australia play?
Minister Bowen will speak on the international dynamics affecting global climate action and how Australia’s ambition to become a Renewable Energy Superpower can help the world in the rapid transformation to reach net zero emissions. After his remarks, the Minister spoke in conversation with the Lowy Institute's Executive Director, Dr Michael Fullilove AM.
