Significant equity investments from the federal government may be needed for Australia to remain competitive in the global race to develop clean energy industries and technologies, according to the head of the Net Zero Economy Agency Greg Combet.
Addressing the National Press Club on Tuesday, Mr Combet outlined the role of the incoming Net Zero Economy Authority (NZEA), which will replace the Net Zero Economy Agency, in “helping catalyse the investment needed” in clean energy industries.
He argued that for “particularly large transformative projects, governments may need to consider being significant equity players, helping to de-risk projects, and adopting a long-term view before recovering capital”.
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