Published: March 08, 2019
IGCC, which represents big funds, says ‘small-scale’ package is unlikely to offer a durable policy framework
Scott Morrison’s recent pivot on climate policy is unlikely to have a positive impact on Australia’s emissions profile because it fails to grapple with the underlying drivers of increased pollution, according to a new analysis by the Investor Group on Climate Change.
The IGCC, a group that represents institutional investors such as super funds, with total funds under management of about $2tn, has told its members Morrison’s “climate solutions package” won’t change the current trajectory of rising emissions because it is “small scale and unlikely to be a durable policy framework through time”.
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