How Australia’s natural resources will shape global emissions

Zero: The Climate Race

Bloomberg

Technology, Business, Science

4.7 • 219 Ratings

🗓️ 8 May 2025

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

Australia is in a unique place when it comes to the energy transition. It is the world’s largest exporter of coal and a leading exporter of gas, yet has set a target to reduce emissions by 43% and have 82% renewable electricity by 2030.

It is also caught juggling relations between the US, its military ally, and China, its biggest trading partner — as the two superpowers fight over trade. It is an unenviable challenge for Prime Minister Anthony Albanese, who has just been voted back into the office with an impressive new majority and also wants Australia to host the COP31 climate summit in 2026.

This week, David Stringer, Bloomberg Green's managing editor in Asia, joins Zero to unpack Albanese’s full agenda and what his re-election means for Australia’s climate ambitions.

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Zero is a production of Bloomberg Green. Our producer is Oscar Boyd. Special thanks to: Jessica Beck, Sommer Saadi, Mohsis Andam and Siobhan Wagner. Thoughts or suggestions? Email us at [email protected]. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.

See omnystudio.com/listener for privacy information.

Transcript

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0:00.0	You're listening to an IHeart podcast.
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0:18.3	innovating their products and services, and improving the customer experience.
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0:26.1	Register at BloombergLive.com slash Future Investor SF.
0:29.9	That's Bloomberg.com slash Future InvestorSF.
0:35.9	Welcome to Zero. I'm Akshatrati. This week, Climate Elections 2.0.
0:41.3	Australia, the land of flat whites, beautiful corals and ridiculously poisonous animals, just had an election.
1:03.3	And like Canada's election last week, it produced a surprise result.
1:09.0	Are they the Australian people have got the name.
1:11.6	A majority Labour government promised and delivered.
1:17.6	Since Trump returned to the White House, the Australian electorate has swung away from the
1:24.6	centre-right Liberal Party and toward the incumbent centre-left Labour Party.
1:30.1	The swing has been large enough that Labour, led by Prime Minister Anthony Albanese,
1:35.1	now has a large majority in the lower house. Just a few months ago, Labour was projected to lose
1:40.9	seats. And it's worth understanding what happened in the Australian election
1:45.3	because what happens in Australia matters to the world. Australia is the world's largest
1:50.5	exporter of coal and one of the largest exporters of gas. But it also has abundant sun and wind,
1:56.5	and so it is a prime location to build renewables. It is also the world's largest producer of iron and aluminum ores,
2:03.4	as well as the biggest exporter of lithium and other rare earth metals
2:07.0	that are crucial for battery manufacturing and other green technologies.
	...

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