Clean energy overview
(Last updated: 12 May 2011)
Australia’s clean energy industry incorporates renewable energy, energy efficiency and low emissions technologies such as carbon capture and storage.
World focus on the risk of climate change is driving rapid growth in the international market for renewable energy technology. Global renewable energy grew at rates of 15-30 per cent annually for many technologies during the period 2002-2006. In 2007, $US100 billion was invested in new renewable energy capacity, manufacturing plans and research and development. (REN21). Government policies encouraging renewables are in place in at least 60 countries and include mechanisms such as feed-in tariffs, renewable quotas, tax incentives, capital investment subsidies and public investment or financing for renewable installations or research and development. The World Bank has calculated that trade in 40 key climate friendly technologies almost doubled (from US$67 billion to US$119 billion) between 2002 and 2008.
In the export market, Australia is recognised internationally for its project engineering expertise and research and development of new technologies in fields such as solar energy, geothermal energy and wave power. Australia is also renowned as a high quality supplier of solar water heating systems and remote area power and hybrid systems.
Priority markets with the greatest opportunities for Australian clean energy exports include:
- Middle East
How can we help you?
With an extensive network backed by highly experienced and qualified staff, Austrade provides a number of dedicated and tailored services to Australian exporters.
Austrade offers practical advice, market intelligence and ongoing support (including financial) to Australian businesses looking to develop international markets. Austrade also provides advice and guidance on overseas investment and joint venture opportunities, and helps put Australian businesses in contact with potential overseas investors.
Clean energy trade and investment strategy
In the 2009-10 Budget, the Australian Government announced a three-year clean energy trade and investment strategy. Austrade manages the delivery of this strategy which includes:
- Attracting investment in the Australian Renewable Energy sector
- Developing exports of Australia’s clean technologies and services to Asia
- Promoting Australian expertise in water management to international markets
- Encouraging international commercial development of carbon capture and sequestration
For further information please contact Austrade on 13 28 78.
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