$20 trillion of wealth waiting to be tapped

Press/Media: Expert Comment

Description

Matt Kean is rightwhen he says ifwe don’t reduce emissions,wewillmiss the chance to underwrite our future prosperity (“Electricity roadmapwill power prosperity,” November 22). MacquarieBusiness School research shows the total globalwealth creation in hydro,wind, solar biofuels, fuel cells, and geothermal energy is expected to earn up to $A20.87 trillion by 2050. Indeed, Australia has the potential to be theworld’s premier supplier of clean hydrogen. The NSW government has taken a lead policy position in recognising that renewables are our future as coal continues to bewritten down.The ReserveBank, ASIC, APRA and AEMO havejoined business leaders and financial institutions,who are all taking steps to address climate risk. Allwe need now is for the federal government to get on board.

Period26 Nov 2020

Media contributions

1

Media contributions

  • Title$20 trillion of wealth waiting to be tapped
    Degree of recognitionNational
    Media name/outletAustralian Financial Review
    Media typeWeb
    CountryAustralia
    Date26/11/20
    DescriptionMatt Kean is right when he says if we don’t reduce emissions, we will miss the chance to underwrite our future prosperity (“Electricity road map will power prosperity,” November 22).
    Macquarie Business School research shows the total global wealth creation in hydro, wind, solar biofuels, fuel cells, and geothermal energy is expected to earn up to $A20.87 trillion by 2050. Indeed, Australia has the potential to be the world’s premier supplier of clean hydrogen. The NSW government has taken a lead policy position in recognising that renewables are our future as coal continues to be written down. The Reserve Bank, ASIC, APRA and AEMO have joined business leaders and
    financial institutions, who are all taking steps to address climate risk.
    All we need now is for the federal government to get on board.
    Producer/AuthorProfessor Martina Linnenluecke
    URLTBC
    PersonsMartina Linnenluecke