Australia is presented with the challenge of transitioning to a clean energy system to meet its decarbonization targets and achieve net-zero emissions by 2050, aligning with the Paris Agreement. The report by BloombergNEF outlines the necessary steps for Australia to realize this goal. The country needs to rapidly increase its renewable energy capacity, aiming for a 135% growth before 2030 and phasing out unabated coal and most gas generation by 2035. The transition involves a shift towards renewables combined with storage technologies like batteries, pumped hydro, and gas, to ensure a clean power system. The Net Zero Scenario, designed to hold global warming to 1.75 degrees Celsius, highlights the importance of eliminating further carbon emissions growth in all sectors for Australia to reach its targets. The report emphasizes the critical role of the power sector in emissions reduction, with wind and solar installations projected to reach 290 gigawatts by 2050. Additionally, the use of hydrogen, biofuels, and carbon capture technologies is essential for achieving net zero by 2050, with hydrogen consumption expected to increase significantly. While challenges exist, such as scalability and reliability of emerging technologies, these solutions are crucial for Australia's success. Investment of $2.4 trillion is required for the energy transition, with the focus on clean energy technologies and infrastructure, ensuring capital flows into the right technologies for a sustainable future.