Australia and South Korea have formalized a new bilateral agreement, the Green Economy Partnership Arrangement (Green EPA), to enhance collaboration in the field of clean energy. Signed on December 20th, the agreement focuses on diversifying clean energy supply chains, advancing hydrogen systems, and promoting carbon capture, utilization, and storage (CCUS). The Green EPA aims to remove trade barriers, facilitate cooperation on carbon market standards, and strengthen ties between the two nations. Australia's commitment to becoming a reliable renewable energy supplier and its fulfillment of international requirements for CO2 storage set the foundation for this partnership. Federal Climate Change and Energy Minister Chris Bowen emphasized the agreement's potential to elevate Australia's renewable energy sector and aid in global decarbonization efforts. South Korea's Trade, Industry, and Energy Minister also praised the Green EPA for fostering strategic cooperation and technological advancements in the clean energy industry. Key outcomes include the establishment of a joint ministerial meeting to oversee the agreement's implementation and enhance economic ties. This partnership highlights a joint commitment by Australia and South Korea to achieve net-zero emissions by 2050 and drive the global transition to clean energy. The Green EPA builds on existing efforts and signifies a collaborative approach towards a sustainable energy future.