Zero: The Climate Race How Australia’s natural resources will shape global emissions
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May 8, 2025 David Stringer, managing editor at Bloomberg Green in Asia, discusses Australia’s complex position in the energy transition. He highlights the country's role as the largest coal exporter while aiming for a 43% emissions reduction by 2030. Stringer navigates Prime Minister Anthony Albanese's climate agenda post-election and the challenges of balancing ties with the US and China. The conversation also touches on nuclear energy prospects amidst public skepticism and the potential impacts of recent natural disasters on climate policy.
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Australia's Global Emissions Role
- Australia's abundant coal, gas, sun, and wind make it pivotal in global emissions and renewable energy trends.
- Its role as a top exporter of critical minerals further influences the global green technology supply chain.
Climate Took a Backseat in 2024
- Climate was not a major election issue in 2024, overshadowed by housing and cost-of-living concerns.
- This contrasts with the 2022 election where climate was front and center due to devastating bushfires.
Emission Targets and Renewable Challenges
- Australia is on track to meet its 2030 emission reduction target of 43% below 2005 levels.
- However, achieving 82% renewable electricity requires massive investment and accelerated deployment of solar and wind.