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Australia's offshore wind industry faces setbacks as multiple projects are canceled amid global and domestic challenges. Despite government ambitions to lead in offshore wind, recent withdrawals and permit delays cast doubt on the timeline for development, with industry experts citing high costs and permit uncertainties as key hurdles.
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The Australian government released a report warning of increased heat-related deaths, coastal flooding, and economic impacts due to climate change. Risks will intensify with rising temperatures, affecting millions and requiring urgent adaptation and mitigation efforts. The findings inform upcoming emissions targets and national planning.
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Australia announced a new 2035 emissions reduction target of 43%, aiming for net-zero by 2050. Prime Minister Albanese presented the goal ahead of UN climate commitments, emphasizing technological and practical backing. The target faces criticism from environmental groups and opposition parties, amid ongoing fossil fuel exports.
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On November 22, 2025, Australia and Turkey resolved a multi-year dispute over hosting the 2026 UN climate summit, COP31. Turkey will host the summit in Antalya, while Australia will preside over negotiations and lead pre-COP events focused on Pacific climate financing. The deal ends a deadlock that risked defaulting the summit to Germany and drew criticism from Pacific nations.
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The COP30 climate summit in Belém, Brazil, concluded on 22 November 2025 with a compromised agreement after two weeks of tense negotiations. Despite support from over 80 countries for a fossil fuel phaseout plan, the final deal avoided explicit fossil fuel commitments, opting instead for voluntary initiatives and increased funding to help developing nations adapt to climate impacts. The summit exposed deep divisions between fossil fuel-dependent economies and others pushing for accelerated climate action.