Australia, officially the Commonwealth of Australia, is a sovereign country comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands. It is the biggest state in the Pacific Region. The country comprises six states. The capital is Canberra.
Australia’s renewables market outlook
Australia may become the most decentralized economy in energy terms in the world with behind-the-meter PV and batteries making up 38% of the overall capacity. Coal generation will be almost ceased in the state by 2050.
Australia’s renewable energy policy
In June 2015, the Australian Parliament approved an updated plan for construction of 33 GW (23.5% of the power mix) of large-scale renewable energy facilities until 2020, and also confirmed 100% tax deductions for transition to clean energy for industries responsible for greenhouse gas emissions. In September 2019, the Clean Energy Regulator said that the country fulfilled its goal of installing at least 33 GW of additional industrial-scale renewable energy capacities by 2020 ahead of schedule.
Clean Energy Regulator
The Clean Energy Regulator is a government body responsible for administering legislation that will reduce carbon emissions and increase the use of clean energy.
Australia's latest energy market news
- Floating solar projects multiply around globe
- BNEF: New Energy Outlook (NEO) 2019
- BNEF: Electric Vehicle Outlook 2019