Two countries working together

Australia and the US have announced a bilateral partnership to accelerate the development of zero-carbon technologies. The announcement was made in a joint statement by the two countries' energy ministers, Christopher Bowen and Jennifer Granholm, signed on the sidelines of the Energy Forum in Sydney.

The heads of department said in a statement that the alliance was created "to accelerate the development and deployment of zero-carbon technologies, as well as cooperation in building supply chains for essential minerals and reducing greenhouse gas emissions".

Cooperation under the new partnership will be developed in the areas of industry, research, investment and trade. The first phase will focus on developing technologies for long-term energy storage and carbon dioxide capture, as well as building digital power grids.

The Australian Energy Minister, following the signing of the partnership agreement, said the priority for the alliance would be "not only the development but also the deployment of critical technologies that enable the energy transformation of the two countries".

The International Energy Forum takes place in Sydney on July 12-13. The event, organised by the Australian government and the International Energy Agency, is attended by energy ministers from Australia, India, Indonesia, Samoa, Japan and the United States, as well as representatives of the business community and executives of major companies that support and develop green technologies.

The forum's agenda includes discussions on the clean energy transition and decarbonisation of the Indo-Pacific region, the conditions for new secure global and regional clean energy supply chains, introduction of renewable sources and creation of energy storage resources, and issues of equal access to financing and investment.