Australia clean energy investment ramps up but more needed-industry body

Investment in large-scale clean energy projects in Australia ramped up in the fourth quarter to its highest level in four years but that may still not be enough for the country to hit a key 2030 target. Australia must do more to attract clean energy funding, which has been lured away by incentives i

March 10, 2023 . 4:37 PM

1 min read

Investment in large-scale clean energy projects in Australia ramped up in the fourth quarter to its highest level in four years.
$2.8 billion was invested in renewable generation and storage projects in the final quarter of 2022.
Australia lagged in deploying new wind and solar farms, could dent the government's plans of growing the share of renewable energy in the national power grid to 82% by 2030.
Australia must do more to attract clean energy funding, which has been lured away by incentives in U.S. President Joe Biden's Inflation Reduction Act and the European Commission's Green Deal Industrial Plan.