Australia's ability to attract investment capital for energy projects is frustrated, Nathan Lim, Australian Ethical

Australia's ability to attract investment capital for energy projects is frustrated, Nathan Lim, Australian Ethical. Repealing the carbon tax is just another reason to justify the avoidance of the conventional and renewable energy sector in Australia. With overseas jurisdictions like California, China, Germany and Japan offering greater regulatory certainty, Australia's ability to attract investment capital for energy projects is frustrated. Carbon largely remains an unpriced externality but there remains strong support globally to put a cost on this form of pollution. Our view is carbon will eventually be universally priced but likely see large regional difference in the foreseeable future - this is not necessarily a bad thing as there already exists large regional differences in how existing forms of pollution like PM, VOC, NOx and SOX are priced in each country. As such, we expect future Australian governments will face unrelenting pressure to put a price back on carbon.