Slow transition to renewables puts Australia at risk of losing ‘attractive’ investment, super funds warn
by Katharine Murphy Political editor from Environment | The Guardian on (#6GS9D)
A new report argues that $12bn a year on average between now and 2050 will be required to transition to renewable energy
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Industry super funds have warned the Albanese government that Australia's energy transition risks falling behind as big funds chase more compelling investment opportunities in the US, UK and Europe.
AustralianSuper, cbus, HostPlus, CareSuper, HESTA and UniSuper have co-authored a new report with Australian fund IFM Investors calling for more favourable investment conditions underwritten by taxpayers to unlock private capital for the domestic transition to net zero emissions.
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