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Australia and the US will enhance bilateral cooperation under a Climate, Critical Minerals and Clean Energy Transformation Compact, establishing climate and clean energy as a central pillar of the Australia-US Alliance.
The Compact is a framework to advance ambitious climate and clean energy action this decade, including coordinating policies and investments to support the expansion and diversification of end-to-end clean energy supply chains, accelerating the development of markets for emerging technologies and critical minerals, and meeting the growing energy and adaptation needs of the Indo-Pacific to enhance the region’s role as a driver of resilient and sustainable global prosperity, the two nations said in a joint statement.
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