Today’s decision by the Investor Roundtable to progress work towards encouraging greater investment in Australia’s renewables transition is welcome and sets a pathway to reaching an 82% emissions reduction target, says the superannuation sector’s umbrella peak-body, ASFA – The voice of super.
An outcome of the Investor Roundtable was for the Net Zero Transition Working Group to consider ASFA’s Towards an Energy Accord expert report. The report’s five recommendations outline a clear pathway to help unlock investment with appropriate risk-adjusted returns for institutional investors.
“ASFA knows that if we get the settings right, there is a great opportunity for Australia’s institutional investors to invest in large-scale renewable energy projects, and we welcomed the opportunity to present our report today to help integrate the investment sector into the renewable needs of the nation and unlock the flow of large waves of capital towards Australia’s transition to a low-emissions energy powerhouse,” said ASFA CEO Mary Delahunty.
In particular, Roundtable Investors endorsed the government’s target of reaching 82 per cent of renewable energy by 2030 and supported the government’s proposal to identify priority projects through a robust set of criteria and to work collaboratively with investors to design and pilot the service offering of the Front Door, including support navigating approvals and coordinating investment.
“There is great enthusiasm from the superannuation and broader investment sector for the next steps agreed in the discussion today.”
Beyond the Roundtable participants, the ASFA expert report recommendations would also make Australia an attractive proposition for international pension funds. “The sophisticated institutional investment community in Australia, because of the successful superannuation funds, is like a blue-chip stamp for like-minded international investors. Attracting the highly sought after international capital will accelerate Australia’s transition,” Ms Delahunty said.
“Decarbonising assets that deliver an appropriate risk adjusted return are increasingly attractive and important for funds to be investing in, and the Investor Roundtable discussion today has identified clear next steps to scale up the opportunities. We look forward to continued engagement between our sector and the government,” Ms Delahunty concluded.
For further information, please contact ASFA Media team: 0451 949 300
About ASFA
ASFA, the voice of super, is the peak policy, research and advocacy body for Australia’s superannuation industry. It is a not-for-profit, sector-neutral, and non-party political, national organisation. ASFA’s mission is to continuously improve the superannuation system, so all Australians can enjoy a comfortable and dignified retirement.
