Investors warned: Do homework on green funds, stocks post-election

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The Labor, Greens and teal election upset will likely lead to more interest in sustainable projects, but that doesn’t mean they’re sure bets, a fund manager has said.

Investors can expect a flurry of sustainability-themed investment products following the mandate for climate action issued at the federal election, but investors are warned not all projects will be profitable or achieve what they claim to.following the election of a Labor government, at least two Greens MPs and a string of so-called teal Independents pushing decarbonisation of the economy.Labor plans to reduce emissions by 43 per cent by 2030, based on 2005 levels.

“Investors need to be aware of the economic challenges of sustainable technology industries globally if they’re looking to invest in these areas.” “There’s talk about things like investing in gas-fired power generation as a way of reducing the carbon intensity of our electricity system, and yes, in the short term that will help.

As more projects and investment opportunities come online, he believes the industry, government and investors need to apply tight scrutiny to any green claims. Then, funds management firms and companies must report on the progress they’ve made on the path to achieving net-zero, he said.

 

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