World Energy Outlook

• There, he will aim to strengthen relations with Pacific countries and reaffirm Australia’s place as a security partner of choice.
• They will ask Albanese to support a regional declaration for a phaseout of fossil fuels.
• Or we could see a better outcome, if Albanese signals Australia is at last ready to move away from fossil fuels.

A split in Aitutaki

• In fact, they called for industrialised countries to immediately cut greenhouse gas emissions in a joint statement in 1990.
• Pacific island nations suggested Australia’s national target – to cut emissions by 20% by 2005 – should be binding for all developed countries.

• Discussions in Aitutaki turned bitter and ran into overtime in the airport lounge.
• At the Kyoto negotiations, Australia sought and won its own clause, allowing it to actually increase emissions, and expand its fossil fuel industries.
• For his part, Howard dismissed concerns that climate change and sea-level rise could threaten island states as “exaggerated” and “apocalyptic”.

Could we see Australia repair the rift?

• At last year’s forum, he joined island leaders to declare a Pacific climate emergency.
• Australia is bidding to host the UN climate talks in 2026 in partnership with Pacific island countries, a move island leaders have formally welcomed.
• Pacific countries are also campaigning for a global Fossil Fuel Non-Proliferation Treaty which would oversee the end of fossil fuel expansion.

• Support to tackle rising climate adaptation costs will be welcomed, but it won’t be enough for Pacific leaders.
• What they want to see is their regionally powerful neighbour actually stop adding fuel to the fire.

No stopping the global energy transition

• We need to be working on a just transition for workers and building up new industries.
• The International Energy Agency last week released its annual World Energy Outlook, which found global deployment of renewable energy technologies is rapidly overtaking fossil fuel projects, and demand for fossil fuels is likely to peak before 2030.
• Gas and coal aren’t the only valuable things underneath Australian dirt – we’ve got a wealth of critical minerals vital to the clean energy transition.
• Governments have no choice but to plan for the inevitable decline of fossil fuels and smooth the transition to clean energy industries such as battery manufacturing and green hydrogen and ammonia.

Wesley Morgan is a senior researcher with the Climate Council.

• Energy Outlook '23 is the largest gathering of energy leaders in North Texas history.
• Energy Outlook '23 is focusing broadly on the future of energy.
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• “ Energy Outlook '23 : Stewarding a Sensible Energy Future” will take place at the George W. Bush Presidential Center on the SMU campus.
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• The "Polypropylene-Plastic Material And Resins Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.
• Rising demand for thermoplastic materials contributed to the growth of the polypropylene market.
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