The agreement intends to coordinate policies and investments to support the expansion and diversification of responsible clean energy and critical minerals supply chains, accelerate the development of markets for established and emerging technologies, meet the growing energy and adaptation needs of the Indo-Pacific, and enhance the region's role as a driver of resilient and sustainable global prosperity.
Under the leadership of Australia's Department of Climate Change, Energy, Environment and Water and the US National Security Council, Australia and the United States have decided to establish a dedicated forum on Clean Energy Industrial Transformation to set the core objectives of this agreement.
According to a release from the White House, " Our ambitious agenda calls for an unprecedented expansion in renewable energy generation, clean energy technologies manufacturing, and critical minerals supply year-on-year. The close collaboration required to achieve this economic and energy system transformation goes beyond technology and encompasses standards, workforce, training, and community engagement."
According to the White House, Australia and the United States intend to:
"Our partnership reflects more than one hundred years of trust, respect, friendship and shared sacrifice. Our relationship is founded on a shared commitment to supporting an open, stable and prosperous Indo-Pacific, and a peaceful, inclusive and rules-based international order based on respect for international law and the sovereignty and territorial integrity of states. It is anchored in shared values of democracy, the rule of law, and the protection and promotion of human rights.
"Today we renew these bonds as we enhance the Alliance to respond to evolving challenges."