Australia warned cost to the economy will be higher the longer it delays its energy transition

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Australia warned cost to the economy will be higher the longer it delays its energy transition
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Investor Group on Climate Change Policy Managing Director Erwin Jackson has warned that the longer Australia delays its energy transition to renewables, the higher the cost will be to the overall economy. “The longer we delay, the more ambitious we need to be in the future,” Mr Jackson told Sky News Australia.

Investor Group on Climate Change Policy Managing Director Erwin Jackson has warned that the longer Australia delays its energy transition to renewables, the higher the cost will be to the overall economy.

“The longer we delay, the more ambitious we need to be in the future,” Mr Jackson told Sky News Australia.“The big concern amongst investors is really about the political argy-bargy that’s going on about this. “We have a bipartisan commitment to net zero; we need both major parties and indeed the entire parliament to come together to actually resolve the challenges we have.”

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