Policy uncertainty could cause essential investments to be deferred or distorted at a huge cost to consumers, business groups warn

Major business organisations and energy users have urged federal and state governments to work cooperatively to map out a “strategic response to Australia’s energy transition and challenges” ahead of a meeting of energy ministers scheduled for Friday – warning that investment is at risk.

The Australian Energy Council has joined with the Australian Industry Group, the Business Council of Australia, the Energy Users Association of Australia, Energy Consumers Australia, the Energy Efficiency Council, the Energy Networks Association and the Clean Energy Council to call for leadership between the jurisdictions and bipartisanship on “the tightly connected issues of energy and climate change”.

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Source: Guardian Environment