Australia will urge key allies to work together to drive a transition away from fossil fuels as it hosts Pacific regional powers at a Quad Energy meeting this week, opening the door to international investment in Australian clean technology as the world faces an energy crisis.
“If you think about the big ongoing economic challenge, if you think about the ongoing national security challenges, everyone is back to energy,” Climate and Energy Minister Chris Bowen told The Sydney Morning Herald and The Age before Sydney Energy on Tuesday. Forum.
Chris Bowen, Federal Minister for Climate Change and Energy. Credit: James Brickwood
“It’s not a security conference as such, but as we keep saying, it’s security issues, so they’ll be incorporated into the discussions,” Bowen said.
China is currently responsible for approximately 90% of the world’s critical minerals, which are needed for renewable energy and clean energy technologies. Developed nations, including the United States, are looking for alternative supplies to reduce their dependence on China, and abundant deposits of these materials from Australia are a focus of development.
Bowen said regional collaboration to diversify energy supply chains would increase national security, which for many countries has been subject to rising energy prices, caused by a global energy crisis. supply after international bans on Russian coal and gas exports.
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Tuesday’s forum will see Bowen and Prime Minister Anthony Albanese meet with U.S. Secretary of Energy Jennifer Granholm, Japan’s Minister of Economic Trade and Industry, Kōichi Hagiuda, and the U.S. Minister of Renewable Energy. ‘India, Raj Kumar Singh, as part of the Quad Association of Nations. Indonesia’s Minister of Energy and Resources Arifin Tasrif will be a special inclusion as an ally of the Pacific region.
“The point I will make in the debates is that the Indo-Pacific region is responsible for almost half of the world’s emissions, but we are also key players in the solution with our access to critical minerals and … Japan , India, the US, and Indonesia are key parts of the puzzle, “Bowen said.
“The more we work together, the better we are in our national interest, to integrate things closely into the relationship with our key ally in the United States and with our close friends and partners at all levels.”