The Australian Industry Group chief executive is warning the Coalition’s departure from key principles in the energy transition will threaten investment in Australia.
“The fact now that we have a big divergence in views between the two major competing parties gives us some cause for concern because it does take away the framework for investment that business can make over the decades ahead,” Innes Willox told ABC Radio National this morning.
Australian Industry Group Chief Executive Innes Willox.Credit: Alex Ellinghausen
“Business, to invest, needs as much certainty as it can have. And to invest at scale, it needs certainty [in] key policy parameters, and that’s what’s held us back in the past when it comes to energy-related investment – that lack of policy certainty.”
He said there was always room for debate, but there needed to be some basic agreement.
“When you start taking away some of the core principles here, or playing with them, that [gives] business cause to think around, well, what comes next.”
He said energy prices were front of mind for businesses, but more information on the Coalition policy was needed to show it would bring down prices.
“Obviously, the Coalition is making a pitch there, and we’ll have to see how that unfolds,” he said.
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