Climate-conscious investors put nuclear dead last on list of desirable Australian ventures

Illuminem summarizes for you the essential news of the day. Read the full piece on The Guardian or enjoy below:

🗞️ Driving the news: Institutional investors with $37tn under management show minimal interest in nuclear energy investments, preferring renewables and other climate technologies
• The Investor Group on Climate Change's survey reveals nuclear energy's low appeal due to high costs and technology maturity concerns

🔭 The context: The survey highlights a rebound in confidence in Australia's climate policies and a clear preference for a phased-out approach to coal, oil, and gas
• Opposition leader Peter Dutton's nuclear energy proposal faces significant criticism and opposition, even within his own ranks.

🌍 Why it matters for the planet: The investors' disinterest in nuclear energy underscores the growing consensus on the economic and practical viability of renewable energy sources over nuclear power
• This shift is crucial for sustainable development and combating climate change.

⏭️ What's next: Investors are urging the Australian government to prioritize decarbonization plans, improved carbon pricing, and the phase-out of fossil fuel subsidies
• These steps are seen as essential for attracting investment in climate solutions and ensuring a sustainable transition to net zero emissions.

💬 One quote: "Investors have given the government a pretty good report card," said Erwin Jackson, managing director of policy at the Investor Group on Climate Change, highlighting the importance of credible policy frameworks for future investments

📈 One stat: Only fewer than one in 10 investors were exploring new investments in nuclear technology, placing it last among climate solutions in terms of investor interest

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