COP28: Green steel, hydrogen and the role for super funds

Sanjeev Gupta, InfraBuild director Andrea Slattery and Colin Tate AM in Dubai, December 2023.

On the sidelines of the COP28 UN climate change summit in Dubai, Colin Tate AM, founder and managing director of Conexus Financial (publisher of Investment Magazine), spoke to Indian-British industrialist Sanjeev Gupta, owner of Liberty House, InfraBuild and GFG Alliance, about the path to net zero.

In this exclusive podcast, Gupta discusses the concept of “green steel”, role for hydrogen in reducing emissions, his plans for the GFG-owned Whyalla steelworks in South Australia, how the world views Australian government responses to the energy transition and the opportunity for institutional capital, including Aussie superannuation funds. Gupta also opens up about the “seismic” impact of the collapse of Australian-founded financier Greensill Capital on his global business empire.

The podcast’s release comes as the summit concluded in the UAE, with a historic agreement to transition the global economy away from fossil fuels.

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Pension Policy Podcast: Relieving members of the longevity risk burden

In Episode five of the Pension Policy Series, Allianz Retire+ chief executive David Kane joins Conexus Financial acting co-chief executive and editor-in-chief Aleks Vickovich to assess the commercial landscape for retirement income solutions across super and advice.   Retirement remains only a small part of Australia's $4.5 trillion superannuation pool. Kane says funds have been slow to implement the Retirement Income Covenant, and many responses to date have been cut-and-paste. Funds have built strong accumulation capability over more than three decades, but they lack the balance sheets to guarantee retirement income, raising the prospect that without the right solutions, members may be left carrying longevity risk themselves. 

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