We conduct public interest financial analysis on the most profound economic transformation since the industrial revolution: the transition from fossil fuels to clean energy.

Stored power is increasingly meeting evening demand and reducing the case for some new transmission lines, said Commonwealth Bank of Australia energy economist John Oh. Australia’s energy market operator expects pooled home batteries to eliminate A$5 billion in grid-scale battery investments. “Distributed ​energy driven by batteries is a ​great alternative to circumvent delays in ⁠grid transmission buildout, and this can be replicated across the Asia-Pacific,” said Climate Energy Finance Director Tim Buckley. Read more

Governments, businesses and households are pivoting because electrification increasingly makes economic sense. For Australia, this presents both an opportunity and a warning. We remain the world’s third-largest exporter of fossil fuels, yet many of our biggest export markets are simultaneously accelerating their transition towards renewable electricity and electrified industries. As these economies in Asia continue reducing their dependence on imported coal and gas, Australia’s long-term export profile must change. Rather than resisting that shift in a way that leaves workers exposed to sudden shocks, we should prepare for it. Read more

Electric car sales continue to surge in Australia even as the energy crisis fades, and tax breaks on fuel begin to phase out, with both BYD and Tesla selling record numbers of vehicles last month. BYD recorded an astonishing 18,881 vehicles in June, up from 8211 in May. Its rival Tesla sold 8670 vehicles in June, surpassing its previous record of 6433 set in May. In June last year Tesla sold 4589 cars in Australia. Read more