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The Guardian - AU
The Guardian - AU
Environment
Adam Morton Climate and environment editor

Australia ends finance for fossil fuel expansion overseas – now focus turns to local subsidies

Gas plant flaring at a gas terminal
Australia spent $1.7bn on coal, oil and gas developments through its export credit agency in little more than a decade before signing up to the Glasgow partnership. Photograph: Alexisaj/Alamy

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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