Famous last words “green investment opportunities”


Australia is on the cusp of a surge of private investment in climate initiatives, according to the new chairwoman of the Climate Council, well-known businesswoman and philanthropist Carol Schwartz.

“What’s exciting now for business is that we have a government that’s very supportive of initiatives to address climate action, and we have businesses that are looking for great investments,” she says. “So I think we’re on the cusp of some very exciting new investment strategies by business in climate tech and climate opportunities. There are a huge lot of new opportunities opening up.”


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Crossie
Crossie
April 30, 2023 8:45 am

Grifters are always grifters even if they call themselves philanthropists. Nobody was ever stopping the philanthropists before from investing in renewables but lots of government money being thrown about in the form of subsidies is just too good to pass up.

amortiser
amortiser
April 30, 2023 8:59 am

A company I invested in recently received a grant from the “climate fund” for $21 million.

I made a critical comment about it on a trading blog and some clown came back at me saying the government would have done great due diligence before committing.

Words fail me!!

wal1957
wal1957
April 30, 2023 9:11 am

The Climate Council is a non-profit organisation set up to provide independent
information on climate change solutions. S

Rightio … and I saw a flying elephant yesterday!

Leabrae
Leabrae
April 30, 2023 9:20 am

Terminate subsidies. Then get back to us.

Damon
Damon
April 30, 2023 9:23 am

How about posting a list of the successful businessmen who have promoted the spectacularly unsuccessful.green ‘projects’? Maybe sending them broke would convey a message?

Roger
Roger
April 30, 2023 9:38 am

I think the lady is optimistic; or is it a case of “Well, she would say that, wouldn’t she?”

The Queensland government was so frustrated at the lack of private investment in renewable projects – despite subsidies – they decided they would have to be largely publicly funded and owned.

They’ve raised royalties on minerals to extraordinary levels to pay for it.

Comrades.

Crossie
Crossie
April 30, 2023 9:45 am

Leabrae says:
April 30, 2023 at 9:20 am
Terminate subsidies. Then get back to us.

After 50 years surely solar is now an old technology and should not need propping up. As for wind turbines, why did the Dutch stop using them in favour of electricity and fossil fuels?

Cliff Boof
Cliff Boof
April 30, 2023 10:17 am

After throwing heaps of money into wave energy over the years Government finally wised up.
The latest trial, to which ARENA contributed $4 million towards a machine that was on a machine sited off King Island, has wound up with the company complaining about a lack of political and financial support.
https://www.abc.net.au/news/2023-03-29/world-leading-wave-swell-energy-trial-wraps-up/102159078
Grifters indeed.

Vagabond
Vagabond
April 30, 2023 12:14 pm

People stupid enough to take this sort of investment advice deserve to lose their money.

Bryan Leyland
Bryan Leyland
April 30, 2023 2:47 pm

If it is so good, why didn’t they leave it there?

I have studied with Power for more than 20 years and noted the huge number of prototypes of different sorts that never get beyond the prototype stage.

It’s easy to make a machine that generates electricity from waves but virtually impossible to make a machine that will also survive a storm.

Bryan Leyland
Bryan Leyland
April 30, 2023 2:49 pm

Oops! WAVE power!

Farmer Gez
Farmer Gez
April 30, 2023 9:24 pm

These investments are on farmers land.
Nobody is speaking up for the food sector and the damage that every renewable energy project causes.
They are an extractive industry that provide virtually nothing to the local rural community and create hazards and costs that are not recouped.
A few hundred grand thrown around for community groups is a pittance compared to the money made by green companies who are encouraged and sanctioned to feed on the consumer.

Louis Litt
Louis Litt
April 30, 2023 10:03 pm

Brown Leyland
I recall not the late 2000, about the time of the gfc there was a bright Chinese guy who was finalising a machine which would convert wave motion into energy in Georgia USA.
Have not heard of it since.
Went to inventors assoc meeting with an engineering prof inventing metal tubes in sea water to turn this water into fresh water. The hands on guys could not see this happening.

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