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

In this new position paper, Janaline Oh, executive director of Diplomats for Climate Action, and CEF director Tim Buckley identify 5 urgent finance reforms the federal government should put in place so as to mobilise capital at the scale and speed needed to secure Australia’s opportunity to position itself as a critical minerals and energy transition leader in a rapidly decarbonising world – including leveraging our world leading super capital pool and our nation-building, infrastructure and energy transition funding authorities such as the Future Fund and Northern Australia Infrastructure Facility. Read more

China remains ahead in leading global cleantech investment during its domestic renewable energy expansion. While the investment in renewables is unevenly split across the world, China continues to mobilise capital to the Global South to help developing countries in energy transition. 2023 is the tipping point for China to peak its coal use as well as its emissions. Australia should seize this opportunity to work with China, as well as other countries, in order to become a renewable superpower. Read more

JERA and Beach, two fossil fuel dinosaurs, announce a strategic pivoting into offshore wind, leveraging their financial firepower and offshore engineering expertise, respectively, to capitalise on this major new renewable energy opportunity in offshore wind in Australia. Read more

As AER flags significant electricity price hikes from July 1, we note that these increases are half what they would have been without the federal government intervention to cap wholesale coal and gas prices in December 2022, as AER acknowledged. Our expectation is that retail prices may have peaked, and we look at the prospects for power prices against the backdrop of the rise of deflationary renewables and global race to decarbonisation. Read more