A fence is seen in front of wind turbines that are part of the Infigen Energy Capital Wind Farm located on the hills surrounding Lake George, near the Australian capital city of Canberra, Australia February 21, 2018.
Australia's electricity transmission network, batteries and sustainable aviation fuel are three areas where simplified planning, subsidised finance and other regulatory changes could catalyse investment, according to a report released by eight major pension funds.
Changes could quickly unlock A$4 billion ($2.7 billion) worth of investment in batteries, the report said.
Once passive managers who predominantly invested at home, Australian pension funds have become international heavyweights, managing A$2.4 trillion - the fourth largest pool of retirement savings by country globally.
Australian pension fund Aware Super committed A$10 billion.
David Gray, Paul Schroder, David Neal, Lewis Jackson, Edwina Gibbs
Infigen, REUTERS, Rights, Labor, Thomson
Lake George, Canberra, Australia, U.S, EU, Korea, Canada