Australia has put the climate and job creation in the Pacific at the center of its new foreign aid policy, part of an effort to woo back island nations that have fallen under China’s deep-pocketed influence.
The policy, unveiled by the center-left administration of Prime Minister Anthony Albanese on Tuesday, will direct at least half of all investments valued over $2 million toward climate-focused projects by June 2025, rising to 80 percent of investments by 2029.
“Australia is using all elements of our national power to advance our interests and shape the world for the better,” Foreign Minister Penny Wong said in a statement as the policy was unveiled Tuesday. “Development and prosperity underpin peace and stability.”The new international development policy also takes aim at China’s “debt-trap” diplomacy — although the document doesn’t mention China by name.
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