Weekend Edition: Investing on the Road to Net Zero – Why Aren’t We Leading?

Friday 19th July 2024

Please note this communication is not a research report and has not been prepared by NAB Research analysts. Read the full disclaimer here.

Much of the world is on the road to achieving to net zero by 2050, a target which gets more challenging as each year passes. Australia is on the right path, but it isn’t leading the pack. Why Not? Phil puts the question to Rochel Hoffman, who leads Deloitte Australia’s ESG M&A practice. Despite having many rare earth mineral resources, vast quantities of land, a wealthy society, political stability and a sunny climate, Australia has been slower than most to invest in NetZero projects. The Climate Action Tracker, which is an independent scientific group that rates each country’s progress on the targets set in Paris, rates our climate finance as ‘critically insufficient’. That will change, says Rochel. We’re working through a series of constraints that have impacted the speed of the transformation. Our history with fossil fuels has been a part of the problem. Now, green technology provides a wealth of investment opportunities for a range of risk categories.

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