
Threat To The RET Also A Threat To Retirement Savings
Originally posted at Energy Matters. View the original post here.
An investment advisory group has warned hobbling Australian’s Renewable Energy Target will negatively impact on the superannuation of millions of Australians.
The Investor Group on Climate Change (IGCC ) is a collaboration of Australian and New Zealand investors examining the impact climate change has on the financial value of investments. Its management committee includes members from organisations including HESTA Super Fund, Citi Investment Research, Goldman Sachs and AMP Capital Investors.
According to the Australian Financial Review , the investor group’s chief executive Nathan Fabian has warned millions of Australians are financially exposed to renewable energy assets via their Australian-based superannuation funds. Continue reading “Threat To The RET Also A Threat To Retirement Savings”