decarbonisation

While the Albanese government expects Australia’s economy to grow by two and a half times by 2063, the growth will be slower and harder-won than in past decades as major global shifts alter economic dynamics, the report stated. But to get there, productivity needs to pick up.

In a sweeping report recommending a seismic economic overhaul, the Business Council of Australia said global shifts mean Australia must adapt – and act effectively on decarbonisation, deglobalisation and other challenges – or risk losing its place on the global stage.

The global transition away from fossil fuels will require a massive reallocation of capital, and with the technology driving it now more cost-effective than ever, companies and investors that seize climate-related opportunities will be best placed to reap the benefits, according to recent MSCI research.

“Sometimes, the market thinks we prioritise ESG factors above investment fundamentals,” says Perennial’s Emilie O’Neill. “But the reality is that it’s just another investment lens.”