Patient Capital Says: Hurry Up, Australia!

Let Me Sum Up

Jump into the LMSU DeLorean for a trip back in time to an episode recorded before our recent Budget Spectacular. With the power vested in him as LMSU Global Vice President for editing the show, Luke has wisely excised budget predictions but kept our then hot (now only slightly warm) takes on Australia's new National Net Zero Authority. This is but a pit stop on the path to the true focus of the opening segment though: the extremely important matter of our burgeoning t-shirt empire gets its own corner on the pod! That’s right, your intrepid hosts are investigating the most sustainable way to produce some seriously magic merch for you Summerupperers and will keep you posted as we delve into the depths of this particular rabbit hole of sustainable t-shirt procurement. AND if this happens to be YOUR area of expertise, we want to hear from you with all the tips you can bestow!

This week’s paper is a recent selection from the Investor Group on Climate Change's recent back-catalogue of publications, Driving Australian Climate Innovation: Unlocking capital to support a clean industrial revolution. Let’s just say the patient capital is not so patient!

Frankie’s One More Thing is the other recent IGCC paper she thought we were supposed to read for the pod - WRONG! - but a great read nonetheless, The State of Australian Net Zero Investment. This survey of a hefty cohort of Australia’s institutional asset owners and managers reveals progress on net zero commitments, interim targets and a growing interest in pure-play climate transition investments, rare birds though they may be in Aus right now.

Tennant’s One More Thing is the release of the draft Mandatory Gas Industry Code of Conduct, which unlike the voluntary version of said code (responsible for sucking many irretrievable hours of his life away) looks able to do things! Among the more controversial things is the ability to maintain price caps on domestic gas use for the next couple of years. And then of course there is the question of what happens next?

Luke’s One More Thing is a recent episode of the excellent Watt Matters pod, featuring not one but TWO friends of LMSU, and not one but TWO experts on heat pumps who nerd out on… heat pumps! More precisely, the growth of heat pumps in the European market and their intersection with the tricky issue of regulating the phase out of F-gases. If you’re not already fans of Dr. Jan Rosenow and Thomas Nowak then frankly do you even climate? Get onto it folks!

And that’s all from us this week Summerupperers! We shall see you next time and until then, please keep tweeting your thoughts to us at @LukeMenzel, @TennantReed and @FrankieMuskovic and if you would like to weave some golden threads through our back catalogue, give us your feelpinions or suggest papers to read we are always here for that - hit us up at [email protected].