Submission: Accelerating the direction of travel VIC 5-year climate strategy
15 April 2025
IGCC commends the Victorian Government on its leading approach to climate policy, which promotes an orderly transition to net zero.
Victoria’s adaptation policy will support a stable operating environment for investments that will benefit the long-term returns of millions of Australian super fund holders.
Phaseout of fossil fuels requires accelerated deployment of renewable energy and storage, improved integration of behind-the-metre resources and more dynamic management of demand. The State Electricity Commission can play a role in this, supporting private investors to deploy the bulk of capital required to deliver the transition.
Priority areas include:
- establishing a coherent lowest cost whole-of-government approach to decarbonisation policy,
- addressing emissions from fossil fuel use,
- workforce planning and just transition,
- remedying challenges within planning processes,
- land use concerns in a climate-changed world, and;
- adaptation and resilience.
Institutional investors require a coherent policy approach across all sectors of the economy – and all levels of government – to confidently allocate capital towards the net zero transition.
Read the full submission.