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Showing 21 - 30 of 354 results for "fossil fuel"

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 ...

COP28 day one recap: US$429m loss and damage fund

ROSE MARY PETRASS  |  FRIDAY, 1 DEC 2023  |  NEWS
... the announcement. However, Greenpeace has stated that the fund doesn't go far enough, and that it is "doomed without fossil fuel phase-out." Tracy Carty, global political expert at Greenpeace International commented: "This agreement is a vital first ...

Loss and damage funds a key consideration for COP28

RACHEL ALEMBAKIS  |  THURSDAY, 23 NOV 2023  |  NEWS
... ambitions. Halpern of JANA noted that she will be keeping an eye out on discussions of eliminating tax subsidies for fossil fuel producers. "There is also a focus on what's going to happen with the phase down of fossil fuels," Halpern said. "That ...

Capacity Investment Scheme expansion to jolt renewable energy

ROSE MARY PETRASS  |  THURSDAY, 23 NOV 2023  |  NEWS
... called on Canberra to amend its 1999 Environment Protection and Biodiversity Conservation Act to ban the development of fossil fuel projects.

Finance eyes $500b green buildings opportunity

ROSE MARY PETRASS  |  THURSDAY, 16 NOV 2023  |  NEWS
... mandatory climate-related disclosures. In 2022 the debt market raised more funds for climate-friendly projects than for fossil fuel companies, signalling a shift towards green debt issuance, a trend expected to continue in 2023. The property sector accounted ...

Preparing for COP28: nature and climate integration

ROSE MARY PETRASS  |  TUESDAY, 14 NOV 2023  |  NEWS
... December 2023 in Dubai. Commentators have expressed concern that COP28 being hosted by the United Arab Emirates - a major fossil fuel producer - could result in weak outcomes. The UAE plans to extract 38 billion barrels of oil and gas between now and ...

ASIC considering wider lens for greenwashing focus

RACHEL ALEMBAKIS  |  THURSDAY, 9 NOV 2023  |  NEWS
ASIC is considering widening its greenwashing focus to include net zero statements, use of terms like "carbon neutral" and the scope and application of investment exclusions and screens. "Our enforcement actions in response to concerns of greenwashing ...