NSW leading Australia in clean energy use, report finds

Tasmania came in second place due to its commitment to hydrogen and renewable fuels, while third went to Queensland for its increased renewable energy targets of reaching 70 per cent by 2032. Australia as a whole had a score of 59, an increase of 29 points from last year’s report. Behind its significant jump was the federal government’s increased investment in the renewable sector, including a $40 million injection announced in the budget.The report notes that despite the progress, there is still much work to be done. Clean Energy Investor Group chief executive Simon Corbell said better policies and greater stability were needed to create more opportunities for investors and give them confidence in the market.“With the right policy settings, Australia could be well positioned to capture the opportunity to increase our export income through renewable-powered materials, products…

Read more…