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Gregory Ivan Combet (; born 28 April 1958) is the chairman of Australia's sovereign wealth fund, the Future Fund. Prior to this he served as chair of the Australian Government Net Zero Economy Agency, establishing a government authority to oversee the economic transformation from fossil fuels to renewable energy and net zero emissions.
Combet was for many years an Australian labour movement leader. He is a former Labor politician and Cabinet Minister, former leader of the Australian Council of Trade Unions, former leader of profit-to-member superannuation funds and chair of investment manager IFM Investors.
Combet holds degrees in Mining Engineering and Economics, has a graduate diploma in Labour Relations and the Law, and has been awarded honorary doctorates from the University of South Australia, the University of Newcastle, and an honorary doctorate of engineering from the University of New South Wales.
He was elected member for the New South Wales Federal seat of Charlton for the Australian Labor Party at the 2007 election and was immediately appointed Parliamentary Secretary for Defence Procurement in the First Rudd Ministry on 3 December 2007.
Over the ensuing six years Combet was appointed to numerous Ministerial roles. These included responsibilities in the Climate Change, Defence and Industry portfolios. Combet was the Minister for Climate Change, Industry and Innovation in the Gillard Government and in this role successfully negotiated and legislated a carbon pricing scheme that reduced Australia’s greenhouse gas emissions.
Combet announced his resignation from the ministry on 26 June 2013 following Julia Gillard's defeat in a leadership ballot.
He retired from politics at the 2013 election. Federal Labor frontbencher Greg Combet to retire from politics, ABC News, 29 June 2013. Retrieved 29 June 2013
Following his retirement from Parliament Combet worked as a company director and consultant. In 2020, Combet was appointed to the National COVID-19 Coordination Commission to "provide strategic and policy advice" for the Morrison Coalition government.
On 14 June 2007 Jeff Lawrence, National Secretary of the United Voice (LHMU) was elected unopposed as the next Secretary of the ACTU to succeed Combet.
Combet was elected as the new member for Charlton on 24 November 2007 as part of the ALP's victory in the 2007 Australian federal election, achieving a two party preferred swing of 4.47 per cent, winning 62.87 per cent of the two party vote. Following the election, Prime Minister Kevin Rudd appointed Combet as Parliamentary Secretary for Defence Procurement in the First Rudd Ministry. He was sworn in on 3 December 2007. In February 2009, Combet was appointed Parliamentary Secretary for Climate Change, with a focus on emissions trading, to assist Climate Change Minister Senator Penny Wong.
6 June 2009 Combet became Minister for Defence Personnel, Materiel and Science and Minister Assisting the Minister for Climate Change. Combet's portfolio was amended into April 2010 to Minister Assisting the Minister for Climate Change and Energy Efficiency and Minister for Defence Materiel and Science Parliament of Australia, House of Representatives 2 July 2010. and to help him focus on the Government's energy efficiency programs, he axed part of this scheme—Home Insulation Program (HIP) in late April due to the safety risks and the blow-out in funding.
Combet was re-elected to Charlton at the 2010 federal election, suffering a post-redistribution two party swing of 0.24 per cent, winning 62.67 per cent of the two party vote. Charlton 2010 election results: AEC After Labor was returned to government in this election, Combet entered Cabinet, succeeding Wong as Minister for Climate Change and Energy Efficiency. Following the passage of the government's Clean Energy Bill, the portfolio of Industry and Innovation was added to Combet's responsibilities.
Combet had decided to step down over health concerns prior to Prime Minister Gillard's defeat in a leadership spill on 26 June 2013, but brought this decision forward and announced he would step down as minister and not contest his seat in the upcoming election. (2026). 9780522862102, Melbourne University Press. ISBN 9780522862102 The seat of Charlton was subsequently won for the ALP by Combet's former advisor and chief-of-staff Pat Conroy.
In 2020, in response to the COVID-19 pandemic in Australia, Combet was appointed to "provide strategic and policy advice" for the Liberal Morrison government. In this role he helped create the JobKeeper program that sustained millions of people during the pandemic.
Combet, writing in The Guardian in late‑2021, describes Australia's failed climate policies and argues that a sensible energy transition is indeed possible. In 2023 he was appointed by Australian Prime Minister, Anthony Albanese, to chair the Net Zero Economy Agency to oversee the transformation of the economy to net zero emissions. Combet formulated legislation establishing the Net Zero Economy Authority during this time.
Combet was appointed chairman of the Future Fund in February 2024. Greg Combet announced as new Future Fund boss Australian Financial Review 29 January 2024 The Future Fund is the largest financial asset of the Australian Government.
Combet is separated from his second wife and in 2012 began a relationship with ABC-TV newsreader Juanita Phillips, who he lives with on the Northern Beaches.
Combet is the son of a winemaker and grew up on the Penfolds Minchinbury Estate in western Sydney. He is well known for breeding .
In 2014, Combet published his autobiography The Fights of My Life.Combet, Greg (2014). The Fights of My Life. Melbourne: Melbourne University Press. .
In the 2007 ABC-TV series Bastard Boys, dramatising the 1998 Australian waterfront dispute, in which Combet was heavily involved, the role of Combet was played by Daniel Frederiksen.
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