The ALP’s energy policy announcements today present significant risks and rewards to achieving net zero emissions, say investors with more than $2 trillion in assets under management.
“Unlocking investment in the electricity sector requires robust, investment-grade policies to reduce emissions in line with the objectives of the Paris Agreement,” Emma Herd, CEO of the Investor Group on Climate Change said.
“We welcome the role of the CEFC in building out the transmission network to lower emissions. This should be aligned with a sector wide strategy to reduce emissions in line with the Paris objectives”.
“Without credible policy that aims to reduce emissions to net zero emissions, investors will continue to take a wait and see approach to investing in the Australian energy system and this will increase power prices and undermine system reliability.”