Oceania Energy Transition - Sectors and Companies Driving Development - 2025

Oceania holds vast untapped renewable energy potential, and momentum is accelerating as governments adopt more targeted policies and investment frameworks to advance decarbonization. However, Australia, the largest country in the region, is still recording high per capita emissions, with 14.5tCO2e per person in 2023, and has not committed to a coal phase-out timeline. This statistic leads to doubts over the deliverability of the region's decarbonization journey and overall energy transition.

Oceania has been heavily investing in solar PV, with the technology's capacity set to account for 63% of the region's capacity mix in 2035. Overall, renewable power generation is set to account for 84% in 2035 - a significant growth since 60% in 2025. However, Australia is still expected to increase its coal capacity by almost 1GW between 2025 and 2031, and the region's gas capacity is also set to increase, reaching 22GW in 2035. Despite these challenges, Oceania as a whole is forecasted to reach over 50% of renewable power generation in 2027, placing it ahead of the global average.

Energy storage is emerging as a critical enabler for renewable integration, with Australia expanding and diversifying large-scale battery projects. EV uptake in Oceania is gaining momentum, driven by policies such as Australia's New Vehicle Efficiency Standard and New Zealand's Clean Car Standard, as well as and planned expansion of the national charging networks. CCUS capacity in Oceania is still in early development, as most of the projects are still in the pipeline, with only three projects currently active within the whole region. Australia is positioning itself as a key low-carbon hydrogen exporter. However, over 50 projects have been cancelled or stalled, so the deliverability of the region's export targets carries uncertainty.

Key Highlights

• Oceania holds vast untapped renewable energy potential, and momentum is accelerating as governments adopt more targeted policies and investment frameworks to advance decarbonization.
• Overall, renewable power generation is set to account for 84% in 2035 - a significant growth since 60% in 2025.
• However, Australia, the largest country in the region, is still recording high per capita emissions, with 14.5tCO2e per person in 2023, and has not committed to a coal phase-out timeline.

Scope

• Oceanian CO2 emissions, renewable energy potential, leaders in renewable energy, renewable energy policies, power consumption and demand, renewable power capacity and generation, decommissioning of thermal power, energy storage capacity, electric vehicle and hybrid vehicle sales, upcoming renewable refineries, biodiesel, ethanol, RD, SAFs, CCUS outlook, upcoming CCS projects, hydrogen policies, upcoming hydrogen capacity by stage, type and end use.

Reasons to Buy

• Assess the current regional emissions, thermal and renewable capacity, and generation share, and identify which countries are driving the energy transition in Oceania.
• Identify market trends within the industry, including expected 2030 capacities for a range of technologies.
• Identify who the leading countries and regional players are in renewable energy capacity and energy transition technologies such as hydrogen and CCUS.
• Understand the legislative framework laid out by the region's governments aimed at accelerating the region's decarbonization and energy transition.