Globally renewable energy investments increase but Australia lags behind
Quite surprisingly, Australia has not made it into the top countries with regards to renewable energy investments. The countries that are leading away are emerging China, India and Brazil, followed by several European countries.
Globally, the renewable power capacity rose 8% in 2011 which is a respectable, but not outstanding number. This is somewhat a result of the financial crisis but should have given Australia an opportunity to surpass the other countries as the were more sheltered from the crisis.
Australian governments have put together clean energy plans and are introducing a carbon tax which one would assume would be an indication of their dedication to renewable energy.
The opportunities for Australia lie in solar power, which is relatively new to the country, as well as Wind energy which is not being utilised to its full potential.
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Renewable energy in Australia will be a major focus at the 16th Queensland Power and Gas conference with speakers talking about solar projects, wind energy potential as well as the opportunities for geothermal.