Australia Urged to Boost Renewable Investment to Meet Clean Energy Target

Investment in renewable energy projects in Australia rebounded in the first quarter of 2024 from the 2023 lows, but the country needs to further boost its annual investments to meet the government’s 2030 clean energy target, industry body Clean Energy Council said in a report on Friday.

However, investment levels in generation projects will need to increase further with financial commitments of at least 6 - 7 gigawatts GW of new large-scale generation projects needed this year and in each successive year, to meet the Federal Government’s target of 82% renewable power generation by 2030, the Clean Energy Council said.

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