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ACCC approves Origin Energy bid on renewable grounds

RACHEL ALEMBAKIS  |  WEDNESDAY, 11 OCT 2023  |  NEWS
The Australian Consumer and Competition Commission (ACCC) has greenlit Brookfield and MidOcean's proposed acquisition of Origin Energy. The ACCC partially based its authorisation on the public benefit of the proposed accelerated roll-out of renewable ...

New EU rules at the border and beyond

ROSE MARY PETRASS  |  TUESDAY, 10 OCT 2023  |  NEWS
Stay ahead of new EU sustainability rules at the border and beyond: World-first European Green Bond standard, EU launches Carbon Border Adjustment Mechanism (CBAM), Corporate Sustainability Reporting Directive (CSRD) slated for 2024. World-first European ...

Solving carbon credit concerns with blockchain

ROSE MARY PETRASS  |  MONDAY, 9 OCT 2023  |  NEWS
The validity of voluntary carbon credits has recently been thrust into the spotlight with concerns around issues like double counting, additionality and unreliable baselines leading carbon offsets to be labelled a "scam". Asset management firm Northern ...

Investing in net zero "makes business sense": Energetics

RACHEL ALEMBAKIS  |  THURSDAY, 5 OCT 2023  |  NEWS
Editorial note: This is the first in a six-part series of articles brought to you by Energetics While setting a net zero target and implementing strategies to transition from current carbon emissions activities to that long term goal is not quite business ...

Act now on carbon emissions to avoid higher costs later: EY

RACHEL ALEMBAKIS  |  THURSDAY, 5 OCT 2023  |  NEWS
The price of Australian Carbon Credit Units (ACCUs) is likely to double by 2035, meaning that companies should act now to reduce or abate emissions, according to EY. EY has published Changing Gears: Australia's Carbon Market Outlook 2023, which ...

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 ...

UniSuper, pension funds buy forestry fund

RACHEL ALEMBAKIS  |  THURSDAY, 5 OCT 2023  |  NEWS
UniSuper and a consortium of European pension funds have acquired a Tasmanian forestry estate from a New Forests managed fund. UniSuper, the UK's Pension Protection Fund (PPF), and APG Asset Management N.V (APG) on behalf of its Dutch pension fund client ...

Australian companies lagging on climate action

RACHEL ALEMBAKIS  |  WEDNESDAY, 4 OCT 2023  |  NEWS
Australia's top carbon-emitting companies are still failing to align their decarbonisation targets with the end goal of containing global warming at 1.5° by 2050, according to the latest assessment by Climate Action 100+. Emissions at the 14 Australian ...

Uni partnership to turbocharge innovation in CO2 product manufacturing

ROSE MARY PETRASS  |  TUESDAY, 3 OCT 2023  |  NEWS
An Australian university hopes to transform carbon dioxide emissions from the energy and manufacturing sectors into useful products or embed carbon into existing products. At Monash University, the Australian Research Council (ARC) Research Hub for ...

Rainmaker names ESG leader super funds

RACHEL ALEMBAKIS  |  THURSDAY, 28 SEP 2023  |  NEWS
15 superannuation funds have been named ESG Leaders by Rainmaker Information. The ESG Leader Rating is earned by Australia's best super funds that are implementing environmental, social and governance (ESG) principles to a high level, while having ...