PRESIDENT BIDEN: This compact and statement of intent are a testament to our close bilateral cooperation. And I mean that: close. We’re going to establish climate and clean energy as the third pillar of the Australia-U.S. alliance.
This compact is going to enable the expansion of and diversification of clean energy supply chains, especially as it relates to critical materials.
And I want to thank you for your leadership, Mr. Prime Minister. We’re going to sign this, the Minister may have a statement, and then —
Well, you may want to say something now.
PRIME MINISTER ALBANESE: Yeah. Well, thank you, Mr. President. Thank you for your leadership through the Inflation Reduction Act in the United States, but also through your leadership internationally as well, and for including Australia proudly in your Major Economies Forum that met virtually just a few weeks ago.
And Australia is back around the table. And what we know is that action on climate change, I say, is the entry fee to credibility in the Indo-Pacific.
Many of our neighbors understand that climate change is an existential threat. And what we understand is that it’s an important component of our national security. And that’s why it is an important component — an essential part — of our alliance.
I thank you for the work that you’re doing with us in cooperation. And this is a further step forward today.
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- Kieran Rooney - Victoria has set a 75-80 per cent target for greenhouse gas emissions in 2031-2035 (from 2005 levels). Advice provided to government also calls for end to coal power by 2035.
Victorian Government action on climate change
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An inland NSW regional community is set to begin talks on whether locals want their area to become a renewable energy zone.
The New England region, taking in the north west slopes, the northern tablelands and the regional centres of Armidale, Tenterfield and Tamworth, could be one of the state's five renewable energy zones (REZ).
The proposed zone in New England will be just 1km wide, likely housing solar and wind farms as well as battery storage.
An inland NSW regional community is set to begin talks on whether locals want their area to become a renewable energy zone.
The New England region, taking in the north west slopes, the northern tablelands and the regional centres of Armidale, Tenterfield and Tamworth, could be one of the state's five renewable energy zones (REZ).
The proposed zone in New England will be just 1km wide, likely housing solar and wind farms as well as battery storage.
Establishing the site is key to NSW plans to transform its system and community input is being encouraged, Energy Minister Penny Sharpe said on Wednesday.
"We need to make sure that the community understands and has input into its development," Ms Sharpe said.
"I encourage the New England community to have their say and raise any concerns as this project develops. Community input is essential to the success of this project."
"The New England REZ will be critical to unlocking the new affordable and clean energy supply we need to securing a modern energy system for the state."
The five zones are key to the government's plan to transition the state from fossil fuels to renewable energy, minimising the amount of new poles, wires and transmission lines needed from renewable infrastructure.
New England was chosen as it has some of the best renewable energy sources in the country and shows great potential for developing energy storage projects, the government said.
The area was chosen after extensive planning processes, detailed technical studies, site visits and community and stakeholder feedback, dating back two years.
Becoming a renewable energy zone could provide the New England area with up to $10.7b in private sector investment and 2000 construction and operation jobs.
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- Chalmers trumpets Labor’s economic achievements
The treasurer, Jim Chalmers, has released a statement trumpeting the government’s economic achievements on the (almost) one-year anniversary of the 2022 election.
They are:
- More than 330,000 jobs created since May 2022
- Wages growth of 3.7% in the year to the March quarter
- A forecast surplus in 2022-23, a dramatic turnaround from the $78 billion deficit we inherited from the previous government.
- A forecast Budget improvement of more than $143 billion over four years to 2025-26, compared to the Coalition’s 2022-23 March Budget.
- Legislated an emissions reduction targets of 43 per cent by 2030 and net zero by 2050, and passed the safeguard mechanism
- Investing over $40 billion in our plan to make Australia a renewable energy superpower
- Cost of living relief on childcare, medicines, the jobseeker base rate increase, rent assistance, energy rebates and single parent payments