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The Guardian - AU
The Guardian - AU
National
Katharine Murphy Political editor

Slow transition to renewables puts Australia at risk of losing ‘attractive’ investment, super funds warn

United States Australia Renewable Energy IFM Investors
Power-generating windmill turbines are seen on 50km south of Goulburn
Government efforts to make Australia a renewable energy superpower should be ambitious so it can lead in the global race for investment, a new report says. Photograph: Mick Tsikas/AAP

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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