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Australia politics live: household energy bills to fall up to 10% in July as renewables, batteries soar; WiseTech staff face AI redundancy | Australia news

Australia politics live: household energy bills to fall up to 10% in July as renewables, batteries soar; WiseTech staff face AI redundancy | Australia news

Renewables and batteries soar but ‘critical’ moment coming

Australia has become a top-three global player in batteries, and renewable energy met nearly half of the nation’s power in 2025, but the Clean Energy Council has warned that progress could stall as investment in new wind and solar plummeted.

The industry’s annual snapshot found renewable energy supplied 43% of Australia’s power throughout 2025, up from 39% in 2024. The year ended on a high, with clean energy generating more than 50% of power in the national grid in the final quarter.

Australia ranked third in the world for utility-scale batteries, behind only China and the United States – with 2GW of large-scale battery capacity connected to the grid, up 233% on the previous year.

Yet despite these achievements, the CEC chief executive, Jackie Trad, said the energy transition was approaching a “critical juncture”.

double quotation markThe next five years matter most. Our sector’s highest priority in 2026 must be to remove the barriers slowing investment in new large-scale wind and solar projects that will ultimately replace unreliable coal generators that threaten the security of our energy system.

A 48% fall in new investment in onshore wind and solar signalled a likely slowdown. This was most evident for wind, with 0.9GW reaching financial close in 2025, compared with 2.2GW the previous year.

According to the report, rising inflation, regulatory bottlenecks, slow delivery of transmission and delayed coal closures contributed to weakening investor confidence.

Investment in battery storage remained strong. The uptake of home batteries surged 260%, compared with 2024, helped by the federal government’s cheaper home batteries program. More than 268,000 small-scale storage systems were added during 2025 – a number that has since grown to 400,000.

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‘This is very good value for money for Australia’: Bowen defends COP role

Energy minister Chris Bowen, who has also taken on the role of president of negotiations at the COP climate summit, says that Australia’s involvement is “very good value for money”.

He says that the price tag of $150m includes the negotiations for COP, as well as broader engagement with the Pacific, of which he says COP is just “one part”.

He accuses the opposition leader Angus Taylor (who he for god-knows-what reason calls “Mr T”) of “lying” about the allocation of funding for COP being $200m.

double quotation markMr T [is] out there saying it’s $200 million. He’s lying. Secondly, these things do cost money. It cost money when John Howard chaired APEC. It cost money when Tony Abbott chaired G20. They were good for the country and the Labor Party supported them because we’re a patriotic party. So this is an opportunity for Australia to play an outsized role in the climate negotiations.

This is a 12-month presidency. Most of the money has not yet been spent to answer your question, Mel. This is very good value for money for Australia.

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