Written by:

Future Group

19 May 2025

Future Group CEO Simon Sheikh was quoted in a recent piece in the AFR about the enormous opportunity for acceleration of renewables investment now that Australia has a more stable policy environment.

This coincided with a letter Future Group sent to all Australian superannuation funds this week calling on leaders to equally adjust their investments to look to a more sustainable future.

The Federal Government has set a renewable energy target of 82% and is making good progress toward achieving this. Indeed, in the last quarter of 2024 a milestone moment was reached with coal now providing less than half of Australia’s east-coast energy needs. During this quarter, renewable energy powered 46% of the National Electricity Market.

The superannuation sector represents $4trillion in investments that Australians own. It is estimated that in order to reach this target of 82%, around $40billion of investment into renewable energy from investors such as Australian superannuation funds, with support from the Federal Government’s Capacity Investment Scheme, is needed.

This amount represents less than 1% of all assets held by super funds across Australia.

Australian renewables should be owned by Australians. We strongly believe that Australians should benefit financially from the energy transition.

By making a commitment to invest in Australia’s transition to a renewable energy future, superfunds have the power to ensure all Australians will profit from the clean energy boom as our nation rapidly decarbonises.

We call on the leaders of all Australian super funds to support this momentous transition and position Australia as a leader in this new world.