Labor’s election win sets the scene for a massive flow of institutional capital into Australia’s power and industrial sector to achieve decarbonisation goals, as long as rules are put in place to provide the certainty needed for long-term investments, says the head of a major infrastructure investor in Britain and the US.

“This is now a very significant market opportunity by global standards, and what’s attractive about it is the sheer scale of it and the timeframe over which it has to be achieved,” said David Scaysbrook, co-founder and managing partner of Australia-based Quinbrook Infrastructure Partners.