This briefing note highlights recent technological advances that have made renewables one of the country’s fastest growing industries, and Australia a world leader in battery storage.

Electricity prices in the Philippines are the highest in South East Asia and utilities rely excessively on imported coal and diesel. This report attributes the country’s lack of ability to attract large investments in renewables to purchase agreements that protect fossil fuel interests in imported coal and diesel.

Global capital is fleeing the thermal coal sector, according to this report which calculates that today, over 100 globally significant financial institutions have divested from thermal coal, including 40% of the top 40 global banks and 20 globally significant insurers.

China continued to be a global leader of investment in clean energy projects in 2017, defying an overall slowdown in Chinese overseas investment as the country further positioned itself to dominate in new energy technologies.