Investors were looking for a plan for the future in the 2017 Climate Change Policy Review to manage climate-related financial risk and unlock new investment. But they didn’t get it.
Commenting on the Review, Investor Group on Climate Change Chief Executive Officer Emma Herd stated: “The 2017 Climate Change Policy Review doesn’t deliver the long term market signal that investors are looking for. Business is looking for a plan on how Australia is going to tackle climate change. Instead they got last year’s greatest hits album for summer.