Another Australian investment domino falls over

Advertisement

Via The Guardian:

A new snapshot of Australia’s clean energy sector warns new investment committed in the first half of 2019 has fallen back to 2016 levels, when Tony Abbott invited an investment strike when he tried to abolish the renewable energy target.

While the Morrison government has been trumpeting record recent investment in renewable energy to rebut persistent arguments the Coalition lacks ambition on climate policy, an assessment of the investment outlook prepared by the Clean Energy Council, to be released on Wednesday, warns the positive trend is in danger of abrupt reversal because of the ongoing lack of policy certainty.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.