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Showing 51 - 60 of 249 results for "fossil fuels"

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

ROSE MARY PETRASS  |  WEDNESDAY, 6 DEC 2023  |  NEWS
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 as well as a focus on the role of Indigenous Peoples in climate stewardship. The ...

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

ROSE MARY PETRASS  |  MONDAY, 4 DEC 2023  |  NEWS
... 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 global warming to 1.5 degrees. Al Jaber is the UAE Minister for Industry and Advanced Technology ...

Loss and damage funds a key consideration for COP28

RACHEL ALEMBAKIS  |  THURSDAY, 23 NOV 2023  |  NEWS
... definition on that." There are concerns that Australia has not taken a strong stance on backing the phase-out of fossil fuels and what that means for global ambitions. Halpern of JANA noted that she will be keeping an eye out on discussions of eliminating ...

ASIC considering wider lens for greenwashing focus

RACHEL ALEMBAKIS  |  THURSDAY, 9 NOV 2023  |  NEWS
... "are deeply committed to sustainability" because they excluded investments in companies involved in carbon intensive fossil fuels like thermal coal. Exclusions were also stated to apply to companies involved in alcohol production and gambling. ASIC has ...

BlackRock backs world's largest direct air capture plant

ROSE MARY PETRASS  |  THURSDAY, 9 NOV 2023  |  NEWS
... Texas Comptroller Glenn Hegar banned local and state government entities doing business with firms that "boycott" fossil fuels, including Blackrock, Goldman Sachs and JP Morgan among others.

Renewables set to dominate by 2040

ROSE MARY PETRASS  |  THURSDAY, 26 OCT 2023  |  NEWS
... decline. The research found half of global economies are at least five years past a peak in power generation from fossil fuels. Richie Merzian, international director of Australia's peak body for renewable energy industries Smart Energy Council, said ...

Reducing risk and navigating a just transition

ROSE MARY PETRASS  |  THURSDAY, 19 OCT 2023  |  NEWS
... in the transition away from high-emissions industries. "With an economy that has been built in part by exporting fossil fuels, communities will bear the brunt of a chaotic energy transition if careful planning and community engagement is not put in place," ...

New NZ gov scraps 2030 emissions goal

ROSE MARY PETRASS  |  TUESDAY, 17 OCT 2023  |  NEWS
... 91% renewables according to government data. By comparison, Australia's energy mix was made up predominantly of fossil fuels at 68% of total electricity generation in 2022, including coal (47% - down from 83% in 2000), gas (19% - up from 18% in 2021) ...

Bowen paints mixed outlook for energy future

ROSE MARY PETRASS  |  THURSDAY, 12 OCT 2023  |  NEWS
... while gas and coal were more expensive. Storage and transmission expenses, while higher, remain more economical than fossil fuels. Coming off the energy crisis, rollout of renewables will drive down the price of energy, benefiting consumers and the environment. ...

Climate risk or opportunity for insurance sector

ROSE MARY PETRASS  |  THURSDAY, 5 OCT 2023  |  NEWS
... written premium (GWP) in outstanding exposure to underwriting of "entities predominantly in the business of extracting fossil fuels and power generation from fossil fuels". Climate councillor and economist Nicki Hutley said the insurance industry is ...