Search Results

Showing 11 - 20 of 51 results for "drought"

Treasury issues statement on systemic climate risk to government bonds

ROSE MARY PETRASS  |  WEDNESDAY, 1 NOV 2023  |  NEWS
Treasury has acknowledged that climate 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 ...

Climate risk or opportunity for insurance sector

ROSE MARY PETRASS  |  THURSDAY, 5 OCT 2023  |  NEWS
Insurance leaders have reframed the challenge of climate risk as an opportunity, stating that physical risk from climate change is not the biggest challenge to insurance. Finity Consulting principal Rade Musulin and Swiss Reinsurance head of property ...

Forestry companies create global engagement body

RACHEL ALEMBAKIS  |  THURSDAY, 7 SEP 2023  |  NEWS
... challenged in the impacts of climate change through increased prevalence of bushfires, windstorms, intensifying rainfall and drought, all of which "creates a need for more active forest management to create resilience to climate change. These activities ...

Aussie farmers call for climate courage

ROSE MARY PETRASS  |  THURSDAY, 24 AUG 2023  |  NEWS
Australia's food security hangs in the balance with climate change exacerbating extreme drought, flooding and other impacts which harm the country's ability to sustain food production, but climate change also presents opportunities for investment in ...

Nature Market Repair Bill: why some farmers oppose biodiversity offsets

ROSE MARY PETRASS  |  MONDAY, 3 JUL 2023  |  NEWS
... Australia managed for biodiversity, given farmers manage more than half the Australian land mass. "Payments could also produce drought-resistant income for farmers, which helps them keep employing people in tough times."

Insured losses from natural catastrophes $150 billion in 2022

ROSE MARY PETRASS  |  THURSDAY, 30 MAR 2023  |  NEWS
Natural disasters resulted in global economic losses of $410 billion (US$275b) in 2022, a new report has found, with just $150 billion (US$125b) covered by insurance. The report from Swiss reinsurance company Swiss Re revealed that record-breaking damage ...

RBA governor cites climate, energy transition in inflation puzzle

RACHEL ALEMBAKIS  |  WEDNESDAY, 23 NOV 2022  |  NEWS
RBA Governor Philip Lowe cited climate change and the transition to renewable energy as two of four longer-term changes to the global economy that are "likely to affect the dynamics of inflation, central bank policy and the way business operates in ...

Australian asset owners lead on ESG integration, net zero investment

RACHEL ALEMBAKIS  |  THURSDAY, 17 NOV 2022  |  NEWS
... positive outcomes. "The effect of climate change is felt by the wider population in Australia -we've had floods, fire and drought all being affected by climate change," Mays noted. "We've also had other significant events have helped frame these conversations ...

Seeking action at "implementation" COP27

RACHEL ALEMBAKIS  |  THURSDAY, 10 NOV 2022  |  NEWS
The COP27 in Sharm El-Sheikh has been labelled an implementation COP, where governments, investors and other actors are called upon to demonstrate how they're going to implement what was promised a year ago in Glasgow at COP26. However, others have ...

Energy insecurity won't halt green transition: Northern Trust Asset Management

RACHEL ALEMBAKIS  |  THURSDAY, 6 OCT 2022  |  NEWS
... an inflation recalibration that is likely to last more than five years. Further, Northern Trust identified a "monetary drought" as cheap liquidity dries up, and higher interest rates "likely to bring positive real (after inflation) cash returns."