The faltering Australia energy transition is a good reminder that basically all large-scale electricity infra in Australia has been built by governments and then sold off for operation (to mixed results). Not sure why we think it will be different this time?

Fossilflation…
t.co/YPpPmZPVTW

How many headlines like this at the moment? The main losers from this are homeowners and renters. Too many governments around the world are obsessed with industry protection at expense of the communities they are supposed to represent.

www.reuters.com/markets/euro...

As good as a Don’t Look Up example as I’ve seen for a while

Quick update on work I'm leading at the UN PRI. A global collaboration of investors seeking to engage with Australian governments on climate change will expand to 25 with approximately US$8 trillion (AU$12.2 trillion) in assets under management.

www.unpri.org/news-and-pre...

The Commonwealth Treasury and @EGLawyers
have settled a landmark legal challenge over the alleged failure to disclose climate risks associated with Australian Government bonds.

equitygenerationlawyers.com/wp/wp-conten...

This a bad but predictable outcome. Will be worse in developing countries. Investors need to be engaging proactively with policy makers to push them to move faster of climate impacts and emissions mitigation rather than reactive withdrawal of capital.

www.afr.com/markets/debt...

Deeply troubling. There's been too much back patting about market inevitability of the energy transition. Stalling renewable build a consequences of a decade of inaction and a public sector still unwilling to take scale of action needed to hit net zero.

www.afr.com/companies/en...