Can Australia host COP31 in 2026?

Australia is a frontrunner to host the prestigious COP31 summit in 2026, pending approval from the relevant international powers. The Australian government recommitted to a clean energy future at COP28 in 2023, strengthening its position as a potential host for the climate conference.

What climate tech companies is Australia funding?

Australia is funding innovative climate tech companies through its largest climate tech VC fund, Virescent Ventures, which operates on behalf of the Clean Energy Finance Corporation. Recent examples include Novalith Technologies, which raised AU$23 million in Series A funding for a novel lithium extraction process that reduces harmful waste.

Is Australia making progress on climate technology?

Yes, Australia is making notable progress through initiatives like Greenhouse, an ambitious climate action ecosystem helping hard-to-abate industries become carbon neutral, and major banks like NAB committing to carbon neutrality and divesting from traditional fossil fuel lending. However, the country still faces hurdles in securing adequate funding for climate tech despite its significant growth potential.

Can Australia lead the climate tech charge and host COP31?