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ARTICLE · 14 AUGUST 2024

Australia second in cleantech growth – tips for in-house counsel

Australia is a hotbed for innovation in the renewable energy sector. Tips for in-house counsel working in the cleantech space.

AustraliaEnergy and Natural Resources

The 2024 IP Report from IP Australia confirms what has been bubbling under for a while now: Australia is a hotbed for innovation in the renewable energy sector.

Among 19 major economies surveyed, Australia ranked second in terms of growth* in "cleantech" patent filings – technologies that may lessen, nullify or even reverse the environmental impact of an existing product or process. While patent filings are not the only proxy for innovation, they're acknowledged as a fairly good indicator.

Over recent years, many companies across the energy ecosystem have "gone green". Electric cars are now mainstream, and more than 30% of Australian homes now have rooftop solar photovoltaic panels with up to half of these also having batteries.

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