Finance Minister Nicola Willis and Climate Change Minister Simon Watts of New Zealand recently met with their Australian counterparts in Brisbane to strengthen collaboration for climate action. The ministers discussed a range of topics, including joint action to meet climate commitments, climate resilience in the Pacific region, mobilizing finance for climate change action, and improving responses to severe weather events. They emphasized the importance of finance in supporting global climate action, especially leading up to COP29. Both countries agreed on a joint statement outlining plans for increased bilateral collaboration. Initiatives include a regulatory barrier review focusing on batteries and electric vehicle charging, convening roundtables with the maritime sector for green shipping routes, and joining efforts in developing a Guarantee of Origin scheme for green hydrogen. Additionally, they plan to work on sustainable finance strategies, industry decarbonization, and long-term emissions reduction in agriculture. This collaboration aims to unlock investment opportunities to reduce emissions and showcase the efforts of domestic farmers and foresters. By developing a sustainable investment model and finance strategy, New Zealand and Australia aim to enhance cooperation and establish the region as a prominent sustainable finance market.