Asia Pacific to hit $1.7 trillion in renewable investments by 2030 but Australia’s to fall 60% before then: Woodmac

News Snapshot:

Our World in Data Share The Asia Pacific region stretches all the way from Kazakhstan, Iran and Sri Lanka on the western edges to New Zealand, Fuji and Japan, and includes China, India and, of course, Australia. Australia has historically been the region’s renewable energy frontrunner, but consultancy and analysis company Wood Mackenzie expects renewable investments in the country to decrease substantially over the next five years. In fact, it expects Australia’s wind and solar investments to drop by 60% in that period, before picking up again in the 2030s to average out around AU$9.3 billion a year. “Australia is...