Treasurer hits back at criticism of his essay that championed co-investment and economic inclusion
and sections of the business community, the essay has triggered a barrage of hostile commentary in Australia’s two national newspapers, the Australian and the Australian Financial Review.
Chalmers addressed the controversy during Wednesday’s meeting with investors. He noted: “The investors represented here, and the broader investment and business community, don’t just support values-based capitalism – you’ve driven it.and more cooperation between investors and governments to modernise our economy and deepen and broaden our industrial base, powered by cleaner and cheaper energy.
“Your enthusiasm and determination to drive Australia towards an appropriately ambitious sustainable finance agenda is one important example of this but not the only one.” Chalmers said the reforms the government was pursuing in climate-related risk disclosure and financial market transparency aligned with what investors and lenders had been championing for “years”.
He said the reforms were intended to provide guardrails and policy stability to ensure markets were well informed and capital could be unlocked for productive investments.Our Australian morning briefing email breaks down the key national and international stories of the day and why they matterNewsletters may contain info about charities, online ads, and content funded by outside parties.
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