The Times Australia
The Times World News

.

Australia and Republic of Korea sign new deals on clean energy tech and critical minerals


Australia and the Republic of Korea have cemented their commitment to a net zero emissions future, by agreeing detailed work plans on clean energy technology and critical minerals.

 

This follows the high-level partnership agreed between leaders ahead of the COP26 Summit in Glasgow.

 

Prime Minister Scott Morrison said the two nations shared a commitment to technology-led solutions in approaching the challenges and opportunities of climate change.

 

“We committed to working together over the next decade and beyond to develop and drive the uptake of low and zero emission technologies,” the Prime Minister said.

 

“Australia and the Republic of Korea share a joint commitment to ambitious action to achieve the goals of the Paris Agreement, and to make sure we make the most of new technologies which will help lower emissions while also growing our economies and creating jobs.

 

“This agreement is the next step in identifying real-world opportunities and nailing down a collective approach to funding.

 

Australia has announced an initial commitment of $50 million to the Partnership, with the Republic of Korea to match Australia’s funding contribution subject to domestic processes. Together, the governments are aiming to invest up to $100 million towards initiatives under the Partnership.

 

Minister Taylor said the Low and Zero Emissions Technology Partnership would strengthen cooperation on low emissions technologies which would be crucial to help Australia achieve its Long Term Emissions Reduction Plan.

 

“We look forward to collaborating on a range of new technologies, with initial focus on initiatives in clean hydrogen and other derivatives; low emissions iron ore and steel; and carbon capture and storage,” Minister Taylor said.

 

“Our two countries share the ambition of advancing the development and commercialisation of low and zero emissions technologies so they can achieve cost parity with high-emitting technologies as soon as possible.”

 

The Partnership recognises the shared commitment between Australia and the Republic of Korea to reduce emissions while growing economies and creating jobs, and builds on partnerships already entered into with Germany, Singapore, Japan and the United Kingdom.

 

The Prime Minister said the new critical minerals partnership between Australia and the Republic of Korea complemented the clean energy technology cooperation between the two countries.

 

“Australia and particularly Western Australia has significant reserves of the critical minerals that will be essential to future technologies not just in energy but across a range of industries,” the Prime Minister said.

 

“More and more countries are realising the untapped opportunities we have right here for critical minerals exports, and this partnership isn’t just about developing those but also helping secure those essential supply chains.”

 

Minister for Science and Technology Melissa Price said the Partnership presents an opportunity to expand cooperation on clean technologies and critical minerals.

 

“Commercial cooperation and investment from the Republic of Korea in Australian critical minerals will create new jobs across Australia, particularly in regional areas,” Minister Price said.

 

“Australia is blessed with strong reserves of critical minerals, and these precious resources will drive the new energy economy into the future.”

 

Times Magazine

Headless CMS in Digital Twins and 3D Product Experiences

Image by freepik As the metaverse becomes more advanced and accessible, it's clear that multiple sectors will use digital twins and 3D product experiences to visualize, connect, and streamline efforts better. A digital twin is a virtual replica of ...

The Decline of Hyper-Casual: How Mid-Core Mobile Games Took Over in 2025

In recent years, the mobile gaming landscape has undergone a significant transformation, with mid-core mobile games emerging as the dominant force in app stores by 2025. This shift is underpinned by changing user habits and evolving monetization tr...

Understanding ITIL 4 and PRINCE2 Project Management Synergy

Key Highlights ITIL 4 focuses on IT service management, emphasising continual improvement and value creation through modern digital transformation approaches. PRINCE2 project management supports systematic planning and execution of projects wit...

What AI Adoption Means for the Future of Workplace Risk Management

Image by freepik As industrial operations become more complex and fast-paced, the risks faced by workers and employers alike continue to grow. Traditional safety models—reliant on manual oversight, reactive investigations, and standardised checklist...

From Beach Bops to Alpine Anthems: Your Sonos Survival Guide for a Long Weekend Escape

Alright, fellow adventurers and relaxation enthusiasts! So, you've packed your bags, charged your devices, and mentally prepared for that glorious King's Birthday long weekend. But hold on, are you really ready? Because a true long weekend warrior kn...

Effective Commercial Pest Control Solutions for a Safer Workplace

Keeping a workplace clean, safe, and free from pests is essential for maintaining productivity, protecting employee health, and upholding a company's reputation. Pests pose health risks, can cause structural damage, and can lead to serious legal an...

The Times Features

Duke of Dural to Get Rooftop Bar as New Owners Invest in Venue Upgrade

The Duke of Dural, in Sydney’s north-west, is set for a major uplift under new ownership, following its acquisition by hospitality group Good Beer Company this week. Led by resp...

Prefab’s Second Life: Why Australia’s Backyard Boom Needs a Circular Makeover

The humble granny flat is being reimagined not just as a fix for housing shortages, but as a cornerstone of circular, factory-built architecture. But are our systems ready to s...

Melbourne’s Burglary Boom: Break-Ins Surge Nearly 25%

Victorian homeowners are being warned to act now, as rising break-ins and falling arrest rates paint a worrying picture for suburban safety. Melbourne residents are facing an ...

Exploring the Curriculum at a Modern Junior School in Melbourne

Key Highlights The curriculum at junior schools emphasises whole-person development, catering to children’s physical, emotional, and intellectual needs. It ensures early year...

Distressed by all the bad news? Here’s how to stay informed but still look after yourself

If you’re feeling like the news is particularly bad at the moment, you’re not alone. But many of us can’t look away – and don’t want to. Engaging with news can help us make ...

The Role of Your GP in Creating a Chronic Disease Management Plan That Works

Living with a long-term condition, whether that is diabetes, asthma, arthritis or heart disease, means making hundreds of small decisions every day. You plan your diet against m...