Zero: The Climate Race
How Australia’s natural resources will shape global emissions
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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Quick takeaways
- Australia's political shift towards the Labour Party indicates a growing public demand for climate action amidst pressing economic issues like housing and inflation.
- The country's reliance on coal and gas exports complicates efforts to achieve ambitious renewable energy targets, highlighting the need for substantial investment in green infrastructure.
Deep dives
Political Shift in Australia
The recent Australian election marked a significant political shift, with the centre-left Labour Party, led by Anthony Albanese, achieving a commanding victory over the centre-right Liberal Party. This election result deviated from previous forecasts, where Labour was expected to face losses. The influence of Trump-era politics was observable, as candidates associated with Trump, like Peter Dutton from the Liberal Party, were ousted. This shift reflects a broader trend of voters moving away from conservative politics towards parties promoting climate action and sustainability.
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