Australia is gearing up for COP29 in Azerbaijan with a strong commitment to combat climate change. The country plans to advocate for stronger NDCs and climate funding for developing nations to solidify its status as a climate leader in the Asia-Pacific region. As part of its participation, Australia is focusing on establishing a new international climate finance framework, the NCQG, to replace the existing $100 billion annual fund and ensure coordinated action for vulnerable nations. Australian Energy Minister Chris Bowen is leading efforts to strengthen financial commitments, particularly for Pacific island nations. The country is also working on post-2030 climate goals, aiming to reduce emissions by 43% below 2005 levels by 2030 and achieve net-zero emissions by 2050. Australia's emphasis on renewable energy and ambitious emission reduction policies demonstrates its dedication to aligning with the Paris Agreement. Moreover, Australia is promoting its renewable hydrogen industry at COP29, targeting Asian markets such as China, Japan, South Korea, and India. The country aims to develop supply chains for green hydrogen tailored to these markets. Additionally, Australia is considering opening its carbon credit market to international transactions, potentially leading to increased demand for ACCUs and impacting compliance costs for companies. The global focus on carbon credits is highlighted by the rising prices of ACCUs and EU Allowances, emphasizing the importance of this market for Australia's climate strategy.