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Budget 2024: Additional $11.3bn promised for housing

ELIZA BAVIN  |  WEDNESDAY, 15 MAY 2024  |  NEWS
... be invested to get homes built sooner with funding to go towards states and territories to build roads, sewers, energy, water, and community infrastructure needed for new homes and additional social housing. In addition, a new $9.3 billion five-year ...

ESG managed accounts hit $16 bn

ROSE MARY PETRASS  |  MONDAY, 13 MAY 2024  |  NEWS
BT Panorama reached a milestone in growth of its managed accounts, as funds under administration increased by 31% to $16 billion, and new ESG options were added. This calendar year the platform has launched new products including those managed by Vanguard ...

ISPT issues $1.5bn sustainably linked loan facility

ANDREW MCKEAN  |  MONDAY, 22 APR 2024  |  NEWS
... the company's sustainability performance targets, which include metrics such as emissions intensity, waste reduction, water consumption, and labour certification. These targets are in line with ISPT's ESG framework, which focuses on key areas ...

Canberra acts on billion-dollar net zero plan

ROSE MARY PETRASS  |  WEDNESDAY, 3 APR 2024  |  NEWS
... Australian Renewable Energy Agency (ARENA) in collaboration with the Department of Climate Change, Energy, the Environment and Water (DCCEEW). ARENA CEO Darren Miller said solar is now Australia's cheapest form of energy. "To date, ARENA has invested ...

Shared Value founder heads up regional alliance

ROSE MARY PETRASS  |  THURSDAY, 28 MAR 2024  |  NEWS
... head of responsible investment at Mutual Trust, and advising the Department of Climate Change, Energy, the Environment and Water (then Department of Environment, Land, Water and Planning) regarding funding models for Traditional Owner water-related programs. ...

CBA launches green business loan

ROSE MARY PETRASS  |  MONDAY, 18 MAR 2024  |  NEWS
... cooling. Funding is also available for initiatives like recycling programs, refurbishment projects, composting initiatives, water efficiency and pollution prevention measures. The new loan comes as a response to customer demand for more sustainable solutions ...

Carbon trading roundup: Verra, REDD+, BetaCarbon

ROSE MARY PETRASS  |  MONDAY, 4 MAR 2024  |  NEWS
Carbon trading platform Verra is in hot water from accusations of alleged abuses by Human Rights Watch, as it seeks public input on a global methodology for carbon capture and storage hubs. Australia's ACCU supply could triple by 2033, making it ...

Tracking nature: finance lags on biodiversity

ROSE MARY PETRASS  |  THURSDAY, 29 FEB 2024  |  NEWS
... Threatened Species Action Plan 2022-2032 mapped a pathway for threatened wildlife recovery across land, marine, and fresh water ecosystems. Kukuljan lauded the arrival of the laws and said they set a benchmark for global action. "Australia is key for ...

New Forests invests in Thai peat forest

RACHEL ALEMBAKIS  |  THURSDAY, 22 FEB 2024  |  NEWS
... the KKL peat swamp forest is degraded due to drainage canal networks associated with agricultural land use, which lowers water tables and causes GHG emissions from peat oxidation," New Forests said. "Fires can also contribute to transboundary haze that ...

Climate tech gets funding boost

ROSE MARY PETRASS  |  TUESDAY, 20 FEB 2024  |  NEWS
... The technology requires significantly less electricity and transmission infrastructure compared to hydrogen produced via water electrolysis using renewable power - known as "green" hydrogen.
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