The economy has us all tied in knots, including directors, which makes you wonder what will happen to long-term issues like the energy transition, tax reform or productivity.
Slowly, slowly
But of course, time waits for no one and this caution could be dangerous in areas that needs investment now, such as the energy transition. Without near-term investment, companies and the country as a whole will not be able to meet carbon emissions reduction targets.AGL’s McKenzie, who started her career at the utility as a university graduate in the late 1970s, could not have been more explicit in her warning. She reckons the softening economy could put investment in the transition at risk.
“We have to transition to net-zero, but we’re going to start losing support and business are starting to say, ‘I can’t afford to do that right now’. That people start saying the cost of living is too great, the cost of transition is too great, we can’t afford to pay for the transition.
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