This policy brief delves into the implications of Australia’s ambitious green energy initiatives for the Asia-Pacific region. Specifically, it analyses the Australian government’s recently announced Future Made in Australia agenda and other legislative acts.

The brief highlights Australia’s comprehensive strategy to transition to a green economy by 2030. The focus areas include renewable energy, carbon neutrality, and sustainable development, with an emphasis on wind, solar, and hydrogen energy.

Key findings:

• Australia’s commitment to expanding its renewable energy capacity is set to increase investment opportunities in wind and solar power projects.
• Australia’s hydrogen energy initiatives are poised to position the country as a global leader in hydrogen production.
• The brief underscores the importance of sustainable development practices embedded in Australia’s green energy policies. By prioritising environmental preservation and sustainable resource management, Australia sets a model for Asia to follow in balancing economic growth with ecological responsibility.

Recommendations for policy-makers:

• Develop framework for a just transition away from fossil fuels domestically
• Establish framework to incentivise energy efficiency gains
• Develop policy framework for accelerated reduction of fossil fuel exports
• Establish high-level bilateral dialogues for accelerated reduction of fossil fuel trade, for example Australia-China climate policy dialogue
• Improve domestic industrial competitiveness through better industry collaboration
• Position Australia as a leading regional knowledge partner in green energy transition