In the landscape of the Australian Securities Exchange (ASX), top renewable energy stocks are garnering attention as investors increasingly prioritize sustainability and the global transition towards greener energy sources. Among these, companies possessing green energy assets, such as hydropower stations, geothermal plants, and wind farms, stand out for their contribution to Australia's total electricity generation and their role in reducing carbon emissions.

Investment in Australian renewable energy companies is not only environmentally sound but also increasingly lucrative. The Australian government's target for renewable energy to account for 82% of power generation by 2030 up from 29% in 2021, showcases the sector's robust growth trajectory.

Investing in renewable energy stocks, such as through exchange traded funds (ETFs) that focus on the sector, also allows investors to support the climate change mitigation effort while potentially benefiting from the sector's growth. Companies with its extensive exploration assets and development projects, demonstrates how the private sector is crucial in advancing the global transition to a sustainable energy future.

The success of renewable sources in regions like New South Wales and the broader Australian and New Zealand markets, evidenced by home solar panels, commercial solar arrays, and renewable energy equipment, indicates a strong movement towards reducing reliance on fossil fuels.

This shift towards green energy, coupled with the rising trend in ESG investing, positions the renewable sector as a potentially high-return investment avenue. The BetaShares Global Sustainability Leaders ETF (ASX: ETHI) is one such example, offering investors a way to participate in this growing market.