Powering the world’s transition to net zero
Australia is set to become a renewable energy superpower. This is thanks to vast solar and wind resources, and an abundance of rare earth and other minerals. These resources make us an ideal destination for investors who want to export renewable energy.
We have enormous reserves of the minerals that the world needs to transition to net zero. These include the largest known reserves of zinc, nickel and tantalum. We also have the second largest reserves of lithium and cobalt, with abundant rare earth minerals.
With a vast coastline and immense open spaces, Australia has some of the best wind resources in the world and the second highest potential for solar power. The combination of huge wind and solar resources is helping us forge ahead in the development of reliable renewable energy.
Australia’s advanced resources industry is at the forefront of our endeavours to decarbonise the economy. It is helping us convert natural endowments into renewables success. Australia is already the largest per-capita producer of solar energy in the world. Per head, we rank seventh in the world for renewable energy patents.
Australia welcomes foreign investment in renewables. It will help us meet commitments to reduce carbon emissions and become a renewable energy exporter. Access to renewable resources – plus local ingenuity and a supportive policy environment – makes Australia an attractive destination for renewable energy investment.