In 2023 Australia and the United States have taken strong action on climate to accelerate the transition to a global clean energy economy. In May, President Biden and Prime Minister Albanese jointly declared that climate and clean energy are the third pillar of the U.S.-Australia alliance. The Australia-United States Climate, Critical Minerals and Clean Energy Transformation Compact commits our countries to expanding and diversifying clean energy and critical minerals supply chains, to drive innovation and accelerate the establishment of a global clean energy economy. In this panel we discuss the impact of the step change in the US and Australia commitment to collaborate this year and what the expected flow on consequences and opportunities which will flow from the Compact and the enormous public investment flowing into climate technology and deployment.