Australia has capitalised on its resource endowments over the past decade, and energy exports are now a key driver of the Australian economy. Building effective trade relationships has also provided Australia with the opportunity to influence global energy policy discussions on energy and resource issues, including on important energy policy developments.
Our ability to influence international developments will underpin our continued success, particularly where they are likely to have long and lasting impacts on our own energy policy. International engagement also allows us to benefit from international experiences in the development of important clean energy technologies.
The ultimate goal of Australia’s international engagement effort is to shape international energy policy on strategic energy topics and relationships. For example, participating in multilateral energy forums gives Australia the opportunity to engage with energy ministers and governments from many countries to influence outcomes and build cooperative renewable energy policies and programs.