Australia must put a price on carbon, say institutional investors

Move needed to drive orderly transition to low-emissions power sources, Investor Group on Climate Change says

The Turnbull government needs to put a price on carbon to unlock new investment in the electricity sector and drive an orderly transition to low-emissions power sources, according to the Investor Group on Climate Change.

The group, which represents major institutional investors in Australia and New Zealand, has used its submission to the Finkel review to argue that the government's oft-repeated concerns about network reliability, energy affordability and emissions reductions will be addressed if concrete steps are taken to unlock new investment.