Major Investors More Confident in Australia’s Climate Policy
- Investor Group on Climate Change releases survey extract
- Policy and regulatory uncertainty have improved, survey says
Renewable energy is seen delivering the best long-term financial returns, while investors are also looking at technologies where Australia has a comparative advantage.
Photographer: James Bugg/BloombergInvestors with a combined A$35 trillion ($23 trillion) in assets are becoming more optimistic about Australia’s climate policy, with roughly half considering financing renewable-energy projects, according to an extract of a survey released Monday.
Only 40% of the 63 respondents in the Investor Group on Climate Change’s 2023 annual Net Zero Survey cited policy and regulatory uncertainty as a key barrier to investment. That’s down from about 70% in 2021. National decarbonization plans for specific sectors including energy, transport and resources, as well as the announcement of the 2035 emissions target, remain the highest priority for investors this year.