While the G7 meeting was unremarkable, there are growing signs of action on coal phaseout – particularly among Australia’s biggest coal customers.
Japanese coal and oil giants make first big solar investment in Australia with an eye to the renewable hydrogen and ammonia market.
Joe Biden has confirmed the new climate target for the United States will be to slash emissions by at least half by 2030. Australia refuses to budge.
Japan accounts for about one third of Australia’s thermal coal and LNG exports, so if it goes green then Australia better have a plan.
Japan is reportedly eyeing offshore wind as the country’s energy of the future and has set a target to install up to 45GW of offshore wind capacity by 2040.