Regulatory environment runs counter to investment

federal-government/superannuation-trustees/superannuation-funds/executive-director/

18 December 2008
| By Mike Taylor |

Australia’s current regulatory environment is not doing enough to encourage investment in the infrastructure assets necessary for a low carbon economy, according to a round table on sustainable infrastructure.

The round table, held this week, suggested the weak price signal on carbon foreshadowed in the Federal Government’s Carbon Pollution Reduction Scheme would not be sufficient to galvanise the investment community’s interest in funding sustainable infrastructure.

The round table was convened by the Australian Institute of Superannuation Trustees, the Australian Conservation Foundation (ACF) and the Responsible Investment Association of Australasia’s Academy and involved senior investment professionals, including superannuation funds, fund managers, asset owners and investment consultants.

The discussion paper generated by the round table has been sent to Federal Ministers in Canberra and highlights the need for a scaling up of investment in sustainable infrastructure in order to meet long-term carbon emissions reduction targets.

Commenting on the round table findings, the executive director of the ACF, Don Henry, claimed a weak carbon reduction target, such as that proposed by the Federal Government’s white paper on emissions trading, would not help spark the substantial investment in sustainable infrastructure that was needed to move Australia to a low-carbon economy.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months 3 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months 4 weeks ago

ASIC has suspended the Australian Financial Services Licence of a Melbourne-based financial advice firm....

1 week 5 days ago

The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered....

2 weeks 3 days ago

ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test....

3 weeks 1 day ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND