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

Australian Associated Press – Clean energy companies and investors called on the federal government to “hold its nerve” and deliver an ambitious and coordinated package of budget incentives to accelerate the transition away from fossil fuels. In a joint statement, they urged Treasurer Jim Chalmers to use the May budget to encourage investment, as rival economies throw trillions of dollars into renewable energy and clean tech to secure their national interests. “We urge the government to hold its nerve and deliver an ambitious and coordinated package of budget incentives,” Mr Buckley said. Read more

Climate Energy Finance (CEF) says buildings are the “low-hanging fruit” that make up the lion’s share of the big four banks’ sustainable finance target (SFT) of $385 billion by 2030 – while just 7% flows to financing clean energy and hard-to-abate sectors. There is a green financing shortfall across key sectors including energy, transport and cleantech, the independent think tank says. Report author, CEF analyst Nishtha Aggarwal says the banks’ current strategies rely on investing in “business-as-usual” real assets that “meet minimum energy efficiency regulations” – leaving the banks “open to accusation of greenwashing”. Read more

Responding to criticism of Prime Minister Anthony Albanese’s Made in Australia Act, a group of energy and finance leaders joined forces on Thursday to call for the scale of budget support required for decarbonisation. Australia could not afford to “sit out” the accelerating global transition and needed taxpayer support to unlock the private capital needed for zero-emissions economic opportunities, they said. Read more