The obsessive focus on imaginary costs of climate action is harming our prosperity

The current election campaign discussions on climate change fails to address the real challenges that face the nation. The super-partisan nature of the debate and the focus on mythical costs of action risks significantly harming our prosperity and resulting in another decade of squandered economic opportunity.

 One of the most significant barriers impacting long term
investment and accessing new economic opportunities
is climate policy uncertainty.

I work for an organisation that represents institutional investors like super funds with total funds under management of over $2 trillion. Super funds invest to ensure superannuation holders can retire with dignity. The average superannuation holder will retire around 2050 so what we do to address climate change matters a lot to their retirement funds.

Investors and the companies they invest in and own are exposed to policies that governments put in place. What governments decide also influences if they invest, where they invest and what they invest in.

Read the story from The Guardian by Erwin Jackson - “The obsessive focus on imaginary costs of climate action is harming our prosperity.”