Australia will provide $125 million to boost the renewable energy transition of Pacific nations.   

Announced at COP29, the Albanese Government has pledged new funding to enhance energy security and reduce reliance on fossil fuels.

The package includes $75 million for the REnew Pacific program and $50 million under the Australia-Pacific Partnership for Energy Transition (APPET), supporting Pacific-led renewable energy initiatives and workforce training.  

Managed by the Australian Infrastructure Financing Facility for the Pacific, REnew Pacific targets off-grid and community-scale renewable energy in rural areas. 

This program aims to deliver critical services like lighting, water access, improved agriculture, and enhanced education and health infrastructure.  

APPET's $50 million allocation will assist with energy transition modelling, grid studies, project feasibility, and collaborations with universities. It also includes training programs to develop the Pacific's renewable energy workforce and strengthen government capabilities.  

“Supporting Pacific nations’ transition to renewable energy and away from imported fossil fuels will enhance economic resilience, improve energy security and help them meet their climate goals,” said Minister for Foreign Affairs Penny Wong.

Australia has also announced $9 million for the Pacific Regional NDC Hub to support climate action plans. 

This funding is drawn from the reallocation of the Indo Pacific Carbon Offset Scheme, ensuring existing commitments are upheld.  

“Climate change is no longer an abstract concern; it is a reality and an existential threat for Pacific nations,” said Minister for Climate Change and Energy Chris Bowen.

“Australia is working with our Pacific neighbours to strengthen their energy security and accelerate the renewable energy transformation across our region.”

Minister for International Development and the Pacific Pat Conroy described the REnew Pacific initiative as a driver for inclusive development.

“This will help improve living standards and create jobs. We are strengthening the region’s climate resilience through inclusive development and support its energy transition,” he said. 

However, at the same summit, Pacific governments criticised Australia’s plans for a massive gas industry expansion in Western Australia, saying it could result in 125 times more greenhouse gas emissions than the island nations release in a year.

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