Rejoining the Green Climate Fund is an easy win for the new Australian Government’s climate and foreign policy agendas

Date Published 2022, June 03

Authors Anna Chapman, Nathan Webb

Investment decisions today will determine whether the world can address the climate crisis and stay within a 1.5°C Paris Agreement compatible world. A key instrument to allocating finance to the most vulnerable to both accelerate the energy transition and create resilience against the impacts of climate that are already with us, is the Green Climate Fund.

Australia left this multilateral institution in 2019, but its new government could stand to gain on multiple fronts by reengaging to deliver on both its climate and foreign policy objectives.