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Showing 11 - 20 of 350 results for "fossil fuel"

Report reveals progress on green finance

ROSE MARY PETRASS  |  WEDNESDAY, 10 JAN 2024  |  NEWS
Current financial regulations and central banking activities have an outsized focus on climate, and neglect broader impacts such as biodiversity loss and its effects on communities who rely on nature for their livelihoods. While progress has been made ...

Northern Trust pulled up for greenwashing

ROSE MARY PETRASS  |  THURSDAY, 21 DEC 2023  |  NEWS
... excluded by MSCI. The three companies are DTE Energy, NiSource, and Power Assets Holding. US-based DTE Energy has a fossil fuel mix of 68.58%. NiSource, another US-based energy company, relied on fossil fuels for 95% of its energy as of the latest available ...

COP28 key outcomes: what it means for finance

ROSE MARY PETRASS, RACHEL ALEMBAKIS  |  THURSDAY, 14 DEC 2023  |  NEWS
... agreement for the first time calls on nations to "transition away" from fossil fuels - but does not explicitly call for a fossil fuel "phase out." The first UN Global Stocktake on climate has resulted in "imperfect" momentum on fossil fuels, renewable ...

COP28: "Weak" Global Stocktake slammed

ROSE MARY PETRASS  |  TUESDAY, 12 DEC 2023  |  NEWS
... fourth draft of the Global Stocktake (GST) text, updated on Monday, does not give a clear pathway or strong ambition on fossil fuel phaseout and energy sector decarbonisation. The GST is the first five-yearly checkpoint on the efforts by countries around ...

Finance realignment urged as nature-positive trails 30:1

ROSE MARY PETRASS  |  MONDAY, 11 DEC 2023  |  NEWS
... many countries committing to reduce nature harms. The report found this was primarily driven by fiscal support for fossil fuel consumption. The report highlights the sizeable investment potential of nature-based solutions and the potential to reduce ...

COP28: Australia commits $150m to Pacific resilience

ROSE MARY PETRASS  |  MONDAY, 11 DEC 2023  |  NEWS
... an expectation that Australia will play its part, given its outsized contribution to the climate crisis, as a major fossil fuel producer. "These commitments are a step in the right direction, responding to the decades of calls from the Pacific for Australia ...

Government sets stage for sovereign green bond

RACHEL ALEMBAKIS  |  THURSDAY, 7 DEC 2023  |  NEWS
Canberra has released the framework for how it will identify, manage, issue and report on sovereign green bonds. The government's green bond program will select assets based on one or more of the government's three green goals - climate change ...

Here's what happened at COP28 so far

ROSE MARY PETRASS  |  THURSDAY, 7 DEC 2023  |  NEWS
COP28: Australia signs Glasgow statement to end public finance for fossil fuels Australia has joined 40 other countries to end international public investment in fossil fuels, as the first week of COP28 saw new agreements regarding financing net zero ...

COP28: Australia signs Glasgow statement to end public finance for fossil fuels

ROSE MARY PETRASS  |  WEDNESDAY, 6 DEC 2023  |  NEWS
... to implement its pledge. Australia's export credit agency provided more than $1.5 billion to finance overseas fossil fuel projects between 2009 and 2020, according to Jubilee Australia Research Centre. This comes as Australia and other countries ...

COP28: Countries tackle coal as President claims "no science" behind phase-out

ROSE MARY PETRASS  |  MONDAY, 4 DEC 2023  |  NEWS
... heavy emitting sectors and transport globally with 35 companies joining. COP president claims "no science" behind fossil fuel phase-out Sultan Al Jaber, COP28 president, claimed there is "no science" that phasing out fossil fuels is necessary to limit ...