How does Infratil view the renewables sector in the long term?
Infratil has long considered that policy changes in response to global environmental concerns would continue to expand in the developed world. For some time Infratil has also considered the science of climate change to be convincing. More recently climate change concerns have moved to be a mainstream focus on a global scale. It is remarkable the shift in global attitudes to climate change science in only a couple of years. A consequence of climate change moving to become a mainstream focus is that jurisdictions with well developed community support for a more renewable future are now moving their focus to cap and trade mechanisms and economy wide pricing of carbon. New Zealand and Europe are at the forefront of such developments. In the fullness of time should carbon become fully and accurately priced across all sectors of an economy, there will be little logic to specific incentives for renewables or for consumers to elect to pay additional amounts for renewable power when they are al
