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Aware Super plugs in to renewable energy platform

RACHEL ALEMBAKIS  |  WEDNESDAY, 18 OCT 2023  |  NEWS
Aware Super has augmented its direct investments in the renewable energy sector with a partnership in a distributed renewable energy platform. Aware's direct investment in the Birdwood Distributed Energy Platform will see the fund partner to develop ...

Record climate spending for low and middle-income economies

ROSE MARY PETRASS  |  TUESDAY, 17 OCT 2023  |  NEWS
Climate finance by multilateral development banks (MDBs) for low-income and middle-income economies hit a new high of US$60.7 billion in 2022, up 46% from 2019, a new joint report has found. The spend included US$38 billion (63%) on climate change mitigation ...

New NZ gov scraps 2030 emissions goal

ROSE MARY PETRASS  |  TUESDAY, 17 OCT 2023  |  NEWS
Following an election win on Saturday, centre-right PM-elect Chris Luxon announced that his incoming government will abandon NZ plans for a zero emissions grid by 2030. Further, no new funding will go to renewables - but planning processes will be streamlined ...

Bowen paints mixed outlook for energy future

ROSE MARY PETRASS  |  THURSDAY, 12 OCT 2023  |  NEWS
... obstacles may serve to temporarily inflate the cost of renewables projects, Bowen says the rewards outweigh the costs. Despite high upfront costs, solar and wind energy are the "cheapest" forms of energy, he said, while gas and coal were more expensive. ...

Investors warned on human rights risk in Israel-Hamas conflict

RACHEL ALEMBAKIS  |  THURSDAY, 12 OCT 2023  |  NEWS
The escalation of armed violence in Israel and the Occupied Palestinian Territory (OPT) raises investor concerns over business responsibility under international humanitarian law (IHL). Investors are increasingly interested in understanding their risks ...

Solving carbon credit concerns with blockchain

ROSE MARY PETRASS  |  MONDAY, 9 OCT 2023  |  NEWS
... said. Further project developers include a direct air capture company, and a clean-tech firm recycling used motor oil into high-grade group III synthetic lubricants. Justin Chapman, global head of Digital Assets and Financial Markets, at Northern Trust ...

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

RACHEL ALEMBAKIS  |  THURSDAY, 5 OCT 2023  |  NEWS
... annual decline in baseline emissions and what it will do to drive behavioural changes," Herd said. Herd said that demand for high quality credits will also rise, noting "we're having a robust discussion on the types of offset and the use of offsets ...

Mandatory climate reporting challenges directors: AICD

RACHEL ALEMBAKIS  |  THURSDAY, 5 OCT 2023  |  NEWS
... lift from current state to end state," said AICD head of policy Christian Gergis. "We need to support our members to produce high quality climate disclosures and there is a real challenge for directors to get from the current state of reporting to end ...

Does sustainable investing underperform?

ROSE MARY PETRASS  |  THURSDAY, 5 OCT 2023  |  NEWS
The market value of sustainable ETFs has seen a meteoric rise, from about US$350 million in 2012 to almost US$100 billion at the end of 2022, but new research questions whether that growth was built with manager skill. 2020 saw large outperformance ...

Climate risk or opportunity for insurance sector

ROSE MARY PETRASS  |  THURSDAY, 5 OCT 2023  |  NEWS
... climate change to increasing frequency and severity of extreme weather events like bushfires, heatwaves and droughts. Larger high-emissions assets are becoming uninsurable. For example, IAG will cease coverage for all fossil fuel extraction or coal-fired ...