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Biden’s plan to combat climate change leaves coal-loving Australia an outlier | Washington Post

Joe Biden's victory in the presidential election was largely welcomed by America's friends as a step toward more predictable and conventional U.S. foreign policy. One close American ally, though, faces a thorny predicament as a result of Biden's plan to build a global coalition to combat global warming: Australia.

Australia will not be invisible to Joe Biden, especially when it comes to China and climate change | The Guardian

Joe Biden represents hope on a number of fronts. If his campaign pledges carry meaning, Biden will try to kickstart the cause of international climate action – which is both urgent and important – and he will attempt to restore America as a constructive and steady presence in global affairs, including engaging in this region about the challenges posed by China’s hegemonic ambitions.

BHP targets China's steel sector emissions as climate pressure builds | The Age

BHP and China Baowu Steel Group (formerly known as Baosteel) have entered into a five-year agreement to work on projects aimed at reducing the carbon footprint of the highly emissions-intensive steel sector, estimated to be responsible for up to 10 per cent of global emissions.

Australian Pension Fund Settles Climate Change Lawsuit | Chief Investment Officer

“Rest acknowledges that climate change could lead to catastrophic economic and social consequences and is an important concern of Rest’s members,” the pension fund said. “Climate change is a material, direct, and current financial risk to the superannuation fund across many risk categories, including investment, market, reputational, strategic, governance, and third-party risks.”

Coal exports delayed after China orders companies to stop buying | Queensland Mining and Energy Bulletin

A state-controlled utility in eastern China cancelled about 10 cargoes of Australian coking and thermal coal that were due for delivery in November and December because the ruling Chinese Communist Party (CCP) told staff to cancel the order. The cancellation was unusual since the utility had long-term contracts with the Australian mineral producer according to Argus Media.

Adopting Paris-aligned climate plan would create billions of dollars in fresh Australian investment opportunities | IGCC

IGCC Chief Executive Officer, Emma Herd, said Australia could not afford to ignore the investment opportunities identified under an orderly transition. “Investors, companies and governments will need to work together to create a trajectory to achieve a resilient net zero emissions economy by 2050, including deeper emission reductions over this decade. “

“If we get this right, Australia could reap the benefits of $63 billion in fresh private investment over the next five years, and over $1 trillion by mid-century, in domestic opportunities alone. If we continue as we are, we’ll leave billions of dollars in investment opportunities behind.”