Australia Boosts Pacific Energy Security with $125M Renewable Investment

The Australian government has announced a $125 million commitment to help Pacific nations transition to renewable energy, strengthening energy security and reducing reliance on imported fossil fuels.

The funding includes $75 million for the REnew Pacific program, aimed at delivering off-grid and community-scale renewable projects in remote Pacific regions. These initiatives will enhance access to lighting, water, agriculture, education, healthcare, and communications, fostering better livelihoods and food security.

An additional $50 million will fund the Australia-Pacific Partnership for Energy Transition, focusing on feasibility studies, grid transition modeling, and collaborative efforts with universities to maximize the benefits of renewable energy investments.

Foreign Minister Penny Wong emphasized that the investment reflects Australia’s commitment to climate leadership while helping Pacific nations meet their climate goals and boost economic resilience.

This announcement follows a series of climate funding pledges, including a $126 million program targeting vulnerable regions and a new finance facility to unlock private capital for climate-related loans.

With discussions at COP29 underway, Australia is co-chairing negotiations for a new global climate finance goal and collaborating with Pacific partners on a joint bid to host COP31.

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