Think tank urges Australia to re-join GCF given upgraded emissions reduction target

The Asia-Pacific Development, Diplomacy & Defence Dialogue (AP4D) think tank called on Australia to resume contributions to the Green Climate Fund (GCF). The former conservative government ceased contributing to GCF in 2018. The AP4D emphasized that resuming climate funding will build trust among Pacific Island countries, especially if Australia helps to improve access to funding for those states.

Australia’s new Energy Minister, Chris Bowen, committed Australia to a domestic emissions reduction target of 43% by 2030; this represents a 15% increase from the previous government’s target.  He recommitted Australia to acheive net-zero emissions by 2050. He has also restored the role of the Australian Climate Change Authority to provide independent policy advice. 

News article – The Guardian

Press release - Department of Industry Science and Energy and Resources