This report provides an economic analysis of Australia's renewable energy policy, focusing on the government's efforts to increase the use of renewable resources in electricity generation and transportation. It examines the economic justifications for this transition, including increasing energy demand, environmental concerns related to coal-fired power plants, and job creation opportunities. The report also discusses the role of foreign investment, the increasing use of solar panels, and the impact on electricity prices. It recommends that the Australian government invest in raising awareness about the benefits of renewable energy and attract further investment in the sector to achieve its renewable energy targets. Desklib offers a range of similar documents and study tools for students.