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Showing 281 - 290 of 1608 results for "government"

Fears grow around greenwashing litigation protections

ROSE MARY PETRASS  |  MONDAY, 6 NOV 2023  |  NEWS
... this suit would not have been able to be filed if the proposed phase-in approach was implemented. "The fact that the government is proposing a corporate climate reporting regime reflects the importance of climate reporting to the market, to financiers ...

Treasury launches sustainable finance strategy

RACHEL ALEMBAKIS  |  THURSDAY, 2 NOV 2023  |  NEWS
The government has announced plans to create a labelling regime for sustainable investment products, including managed funds and super fund options as well as plans to have an unnamed government body maintain a forthcoming sustainable finance taxonomy ...

VIC SEC is back with $1 billion renewable target

ROSE MARY PETRASS  |  THURSDAY, 2 NOV 2023  |  NEWS
... support 2.6 gigawatts of renewable generation and storage assets by 2028. In addition, the SEC will take over the Labor government's Victorian Renewable Energy Target projects by 2025. This will amount to 1.2 gigawatts of renewable energy generation ...

Climate change a risk to financial stability: RBA

RACHEL ALEMBAKIS  |  THURSDAY, 2 NOV 2023  |  NEWS
Climate change is one of the emerging risks to financial stability "for which there is no historical precedent to guide us," according to a speech by RBA Assistant Governor Brad Jones. In a recent speech addressing the risks Australia is likely to confront ...

Nearly a quarter of Australian bank debt has nature-related risk

ROSE MARY PETRASS  |  WEDNESDAY, 1 NOV 2023  |  NEWS
Approximately $260 billion of all outstanding Australian bank loans, or 22% of bank lending, are highly exposed to nature-related risk. Ernst & Young Australia and the Australian Conservation Foundation released a report finding that banks that are ...

Treasury issues statement on systemic climate risk to government bonds

ROSE MARY PETRASS  |  WEDNESDAY, 1 NOV 2023  |  NEWS
... is a systemic risk for the Australian economy and creates uncertainty about the fiscal impacts of climate change on government bonds. The federal court has approved a settlement between the Commonwealth and Kathleen O'Donnell in a case was filed ...

Renewables set to dominate by 2040

ROSE MARY PETRASS  |  THURSDAY, 26 OCT 2023  |  NEWS
... body for renewable energy industries Smart Energy Council, said the findings should serve to encourage the federal government to support the rollout of more clean energy "as soon as possible". "Our international allies, including many key trading partners ...

Investors lack clarity, rural solutions lack funding

ROSE MARY PETRASS  |  THURSDAY, 26 OCT 2023  |  NEWS
... regions. He added that meeting climate goals requires "confident investment now", alongside clear policy signals from government. "By 2035 we could see thriving green iron production, clean energy exports, and a host of innovative new businesses." Matthee ...

Farm to table reporting to increase ag investment certainty

ROSE MARY PETRASS  |  TUESDAY, 24 OCT 2023  |  NEWS
... zero. The latest offering to strengthen sustainability metrics data in the sector comes from a new partnership between government-founded statutory board AgriFutures Australia and sustainability consultancy Lifecycles. The project, which will broaden ...

Investors call for multilateral financial architecture overhaul

ROSE MARY PETRASS  |  TUESDAY, 24 OCT 2023  |  NEWS
Ahead of the upcoming COP28 in the United Arab Emirates, a member-led initiative of 86 institutional investors with US$9.6 trillion in assets under management reported a fall in total absolute financed greenhouse gas emissions. In its third annual progress ...