| Abstrakt: |
Australia is set to finalize an agreement with Western nations to end public subsidies for fossil fuel export projects, aligning with United Nations climate change agreements. The Clean Energy Transition Partnership (CETP) will halt major public financing for international oil, gas, and coal projects, with Australia ceasing public investment in new fossil fuel projects overseas. This move aims to reduce financing for fossil fuel companies and comply with international commitments, although domestic projects with an export component may still receive public funds. The decision has been hailed as a significant step towards addressing climate change, but Australia's stance on broader climate action has been criticized in international forums. [Extracted from the article] |
