Business View Oceania | Volume 3, Issue 12

7 8 BUSINESS VIEW OCEANIA VOLUME 3, ISSUE 12 BUSINESS VIEW OCEANIA VOLUME 3, ISSUE 12 P rime Minister Scott Morrison and Minister for Science and Technology Melissa Price have released a joint statement this month detailing the signing of a new deal with the Republic of Korea that agrees to detailed work plans on clean energy technology and critical minerals. The release and deal signing follow Australia and the Republic of Korea’s high-level partnership agreement at 2021’s United Nations Climate Change Conference Summit, held in Glasgow from the 31st of October to the 12th of November this year. Prime Minister Scott Morrison released in his statement, “We committed to working together over the next decade and beyond to develop and drive the uptake of low and zero emission technologies. Australia and the Republic of Korea share a joint commitment to ambitious action to achieve the goals of the Paris Agreement, and to make sure we make the most of new technologies which will help lower emissions while also growing our economies and creating jobs. This agreement is the next step in identifying real-world opportunities and nailing down a collective approach to funding.” Minister for Science and Technology Melissa Price also joined in on the statement, saying the partnership “… presents an opportunity to expand cooperation on clean technologies and critical minerals. Commercial cooperation and investment from the Republic of Korea in Australian critical minerals will create new jobs across Australia, particularly in regional areas. Australia is blessed with strong reserves of critical minerals, and these precious resources will drive the new energy economy into the future.”. Australia and the Republic of Korea share a joint commitment to ambitious action to achieve the goals of the Paris Agreement, and to make sure we make the most of new technologies which will help lower emissions while also growing our economies and creating jobs AUSTRALIA CEMENTS DEAL WITH REPUBLIC OF KOREA IN COMMITMENT TO A NET ZERO EMISSIONS FUTURE OPENING L INES