Zero: The Climate Race Bloomberg Australia: How Australia’s climate fight was rekindled
8 snips
Nov 28, 2025 David Stringer, Managing Editor of ESG and Climate Coverage for Bloomberg News in Asia, dives into Australia’s recent climate challenges. He discusses the implications of Australia losing its COP bid and how this affects its international standing. Stringer explains the political shift with the Coalition abandoning net zero emissions, highlighting the potential repercussions for future elections. He also addresses how this climate volatility could impact energy investments and household power bills, emphasizing the need for policy certainty.
AI Snips
Chapters
Transcript
Episode notes
What Hosting COP Actually Means
- COP is the UN decision-making process where nearly 200 countries negotiate climate action commitments.
- Hosting COP provides diplomatic influence and global attention to shape climate agendas and regional priorities.
Unusual Standoff Between Australia And Turkey
- Australia and Turkey both vied to host COP31 and refused to compromise, an unusually public split in a normally orderly process.
- That deadlock carried into the Belém talks and forced an extraordinary late-hour resolution.
Host Duties Split Between Turkey And Australia
- The compromise made Turkey the physical host while Australia (Chris Bowen) will lead the substantive negotiations.
- That split gives Turkey economic benefits while Australia gets the diplomatic presidency role over the negotiation text.