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There are unparalleled opportunities for Australia-China collaboration in zero-emissions industries with the right policy settings, according to a report released recently. The report, "Green capital tsunami: China's > $100 billion outbound clean-tech investment since 2023 turbocharges global energy transition", released on Oct 2 by the independent think tank Climate Energy Finance, or CEF, said Chinese firms have committed more than $100 billion in outbound foreign direct investment since 2023. Much of the investment has been directed toward decarbonization sectors such as solar, wind, batteries, grid, new energy vehicles, hydro and green hydrogen, encompassing Europe, the Asia-Pacific, Africa and South America. When Australian Treasurer Jim Chalmers visited Beijing recently, one of the topics high on his agenda was decarbonization and how Australia could benefit from closer cooperation with China. The report said the "green capital tsunami" has profoundly expanded
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