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A report released by Australian think tank Climate Energy Finance found Australia is the sixth largest solar market globally, had 30GW of solar installs at the end of 2022, and installs are tipped to continue at 4-6GW per year (3GW each year as rooftop solar).
Coupled with a surge for electric cars and battery supply chains, Australia is expected to become a "cleantech" superpower in the new world economy.
But the report also calls for Australia to decouple its economy from the historic dependence on fossil fuels and play to its competitive advantages in critical minerals and renewable energy.
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