Australia and the Republic of Korea (ROK) have entered into a new bilateral agreement to bolster climate and energy collaboration, focusing on advancing clean energy industries and trade prospects. The Green Economy Partnership Arrangement on Climate and Energy is designed to help both countries diversify their clean energy supply chains and achieve net zero emissions by 2050. The agreement, signed by Minister for Climate Change and Energy Chris Bowen and the ROK's Minister for Trade, Industry, and Energy Ahn Dukgeun, will facilitate cooperation in renewable hydrogen, clean energy technologies, green metals, and carbon sequestration. Minister Bowen emphasized the opportunities this partnership will bring for Australia's renewable energy sector, highlighting the nation's commitment to becoming a renewable energy leader and aiding global decarbonization efforts. The establishment of a Korea-Australia Joint Ministerial Meeting will strengthen economic ties and oversee the effective execution of the partnership, fostering new employment prospects and export avenues for Australian businesses in various regions.