Business
Funds have $1 trillion to spend on renewables, but are scared of Australia’s policy chaos – RenewEconomy
Big global pension funds have a huge and growing appetite for renewables, but they need policy stability, and Australia’s policy chaos is scaring them away.
Big global investors say they want to invest $1 trillion in renewable energy over the next decade, a new survey has found, but they are scared off from investing in Australia because policy chaos makes it impossible to predict future returns.
Octopus Energy managing director Sam Reynolds, whose firm conducted the survey, says Australia should be doing everything it can do get a chunk of this huge “wall of capital”. Speaking at the Clean Energy Council’s Large-scale Solar Forum, he said the federal…
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