Australia ends finance for fossil fuel expansion overseas – now focus turns to local subsidies
by Adam Morton Climate and environment editor from Environment | The Guardian on (#6GXV6)
Albanese government announces at Cop28 it will phase out offshore support for coal, oil and gas within a year
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The Australian government has been praised for joining a global partnership committed to stopping billions of dollars in foreign aid and loans being spent on fossil fuel expansion, but the decision has also prompted renewed calls for it to reconsider polluting subsidies at home.
The Albanese government announced at the Cop28 climate summit that it had joined 40 other countries in signing up to the clean energy transition partnership, an agreement first reached in Glasgow two years ago.
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