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Australia is set to be a renewables nation. After Labor’s win, there’s no turning back

  • The Labor government won a landslide election on May 3, 2025, securing a strong mandate to accelerate renewable energy across Australia.
  • This result follows a 2022 vote where Australians endorsed climate action, and after three years of progress, they signaled in 2025 to continue this trajectory.
  • The Albanese government targets more than 80% renewable energy on the main grid by 2030, emphasizing wind, solar, and storage while rapidly phasing out coal, gas, and leaving nuclear energy with no role.
  • Australia leads globally in solar uptake with one in three homes equipped with solar panels and installs about 300,000 new systems annually, supported by a home battery discount scheme aiming for over one million batteries by 2030.
  • The election outcome implies Australia will cement a national climate consensus, strengthen international climate cooperation through hosting COP31 talks, and transition to a clean energy exporter, reshaping its global economic future.
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Renewable firms to 'get on with it' after Labor win bombs nuclear future

Labor win gives renewable energy sector a confidence boost with the Coalition nuclear plan out of the mix. Chris Bowen thinks developers will 'get on with it'.

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Trending News Buzz broke the news in on Monday, May 5, 2025.
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