Policy

The new government’s partnership with state governments to roll out billions in concessional finance is expected to accelerate Australia’s energy transition.

New renewable energy commitments Down Under sound great on the surface – but can they be delivered in time without costing consumers dearly?

Earlier efforts to reform carried interest taxation had stalled, before US Senator Joe Manchin announced on Wednesday that he and Senate Majority Leader Chuck Schumer had worked out a deal.

The ever-increasing divergence on issues such as clean power and ESG means much-needed infrastructure in the US will suffer.

With climate change policy weakened, revamping ESG to ward off the worst effects of global warming is now more critical than ever.

The asset class is set to shine with investors during this high inflationary period, but social and political pressures should be kept in mind.

The Defense Production Act will be used to create a new domestic solar panel manufacturing industry, while temporary measures will allow imports from Southeast Asia.

To be precise, it’s more the tax relief that accompanies the government’s ‘energy profits levy’ that encourages more oil and gas production rather than clean energy investment.

It’s hoped new PM Anthony Albanese’s Labor government will usher in the investment certainty long missing in the Australian renewables market.

The Australian government’s willingness to undercut the Chinese-owned asset by funding upgraded port facilities nearby shows a lack of joined-up thinking.