Investments in Australia’s clean energy sector are expected to grow by 23 per cent in 2023, according to energy market intelligence group Rystad Energy – substantially higher than average global growth. Worldwide, low-carbon investments are projected to increase by US$60 billion – up 10 per cent on 2022 levels, driven largely by wind, hydrogen and carbon capture, utilisation and storage (CCUS). “The location of confirmed projects this year shows that Africa is set to attract the highest investment growth, with a 26 per cent increase, mainly driven by onshore wind projects in Egypt,” says Rystad. “Australia takes second place with 23 per cent growth, with expansion across almost all sectors”.