Australia politics live: Trump praises Albanese at dinner on Apec sidelines; Bowen predicts lower electricity prices

<p>US president praises ‘great’ Washington meeting with Australian PM; energy minister hails steep fall in wholesale prices. Follow updates live</p><ul><li><p>Get our <a href="https://www.theguardian.com/email-newsletters?CMP=cvau_sfl">breaking news email</a>, <a href="https://app.adjust.com/w4u7jx3">free app</a> or <a href="https://www.theguardian.com/australia-news/series/full-story?CMP=cvau_sfl">daily news podcast</a></p></li></ul><p>The NSW investment announcement follows some serious setbacks for major renewables projects in NSW in the last 12 months.</p><p>Equinor, the Norwegian state-owned conglomerate behind the proposed $10bn <a href="https://www.abc.net.au/news/2025-08-22/energy-giant-pulls-out-of-hunter-offshore-wind-farm/105684170">Novocastrian wind farm</a> near Newcastle, announced in May it would withdraw from the project and in August formally pulled out leaving the project in doubt.</p><p>Forty-eight proposals worth $136bn shows exactly why we created the Investment Delivery Authority. This level of interest is really promising. It shows the IDA is something investors have been waiting for.</p><p>Our government is sending a clear message to global investors: if you bring your money to NSW, we’ll help you navigate our system.</p> <a href="https://www.theguardian.com/australia-news/live/2025/oct/30/anthony-albanese-donald-trump-meeting-murray-watt-epbc-nature-laws-press-club-parliament-labor-coalition-sussan-ley-ntwnfb">Continue reading...</a>

Read the full article at: The Guardian World →