The fifth-largest bank in the world says Australia’s lack of an energy policy is not stopping “a wall of investment” into Australian renewable energy sector despite industry claims of slowing interest.
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| The energy industry says a lack of stable government policy is forcing them to reconsider investments but major banks say money is pouring in globally into the Australian renewables space. |
The energy sector has said the inability of multiple federal governments to craft a long-lasting energy policy, as demonstrated by the collapse of the government's National Energy Guarantee policy, has put a handbrake on investment in new power generation in the country.
Read the story from The Age by Cole Latimer - “‘Tsunami of investment': Bankers say lack of policy not slowing renewables boom.”
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