Bloomberg Australia: How Australia’s climate fight was rekindled

Zero: The Climate Race

Bloomberg

Technology, Business, Science

4.7 • 219 Ratings

🗓️ 28 November 2025

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

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Summary

Australia has suffered a major climate setback, losing its bid to host next year’s COP summit in Adelaide. At the same time, the Coalition has reignited Australia’s climate wars by abandoning its commitment to net zero emissions by 2050 – a reversal that resets the political debate just as the world pushes for faster decarbonisation.

In this episode, Rebecca Jones asks Bloomberg’s David Stringer to unpack what the failed COP bid means for Australia’s international standing, how the Coalition’s shift could shape the next election and what renewed climate volatility means for investment, energy transition plans and ultimately your power bill.

Find more from the Bloomberg Australia Podcast here: https://www.bloomberg.com/podcasts/series/bloomberg-australia

See omnystudio.com/listener for privacy information.

Transcript

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0:00.0	People are going to hate me. I won't move on with my life. And I was so petrified of being dragged across the coals for reporting them. And I still am.
0:12.0	My name is Laura Hughes. And for the past two years, I've been uncovering the United Kingdom's perplexing relationship with lead.
0:20.5	What I found has shocked me. From the financial
0:25.2	times, this is untold. Toxic legacy. Out now. Hi, it's Akshut. Among the many fights that
0:36.4	happened at COP 30,
0:39.4	there was an unusual one,
0:42.6	between Turkey and Australia to host COP 31.
0:45.3	In this bonus episode from Bloomberg Australia,
0:48.4	managing editors Rebecca Jones and David Stringer tell you how the fight played out
0:50.6	and what it means for next year's COP.
0:53.5	Zero will be back with a fresh episode soon.
0:58.5	There's been some big climate news and a bit of a plot twist.
1:05.0	Obscene and disappointed.
1:06.9	That's the Premier's reaction to Australia's failed bid
1:09.8	hosting next year's COP Climate summit here in Adelaide.
1:13.6	It's a major blow to the state and its budget.
1:16.9	The Liberal Shadow Ministry has agreed to dump net zero by 2050 from the party's platform.
1:22.6	The group agreed to scrap net zero from the Climate Change Act and repeal Labour's 2030 emissions reduction target.
1:31.6	The Liberal Party has just taken a huge gamble in a weakened political position and under pressure from the nationals, the net zero target is now gone.
1:41.4	Hello, I'm Rebecca Jones and this is the Bloomberg Australia podcast, where each week we go
1:46.4	behind the biggest stories shaping Australia's place in global business. Well, there was a time
1:53.6	not too long ago in Australia that climate was a hot button topic, dominating both politics
	...

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