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Showing 931 - 940 of 2523 results for "climate"

Climate: debt rise, credit falls for 59 nations as early as 2030

ROSE MARY PETRASS  |  FRIDAY, 11 AUG 2023  |  NEWS
The global financial system will see progressive deterioration of sovereign credit ratings in 59 countries due to climate-related factors, resulting in a substantial rise in both corporate and sovereign debt by tens of billions of dollars from 2030. ...

Woodside sells 10% of $16.5b Scarborough LNG to Japan investors

ROSE MARY PETRASS  |  FRIDAY, 11 AUG 2023  |  NEWS
... price of US$500 million. The Scarborough field, located approximately 375 km off the Pilbara coast, has attracted ire from climate groups that labelled the project a "climate bomb" and took the energy giant to court. Woodside claims the reservoir contains ...

Industy veterans named to sustainable finance taxonomy working group

RACHEL ALEMBAKIS  |  THURSDAY, 10 AUG 2023  |  NEWS
... taxonomy. The Australian Sustainable Finance Institute (ASFI) has named former RBA deputy governor Guy Debelle and EY climate change and sustainability services partner Emma Herd as the co-chairs of the Taxonomy Technical Expert Group (TTEG). "It is ...

Renewables round up: BlackRock launches US$1.9b NZ renewables fund

ROSE MARY PETRASS, RACHEL ALEMBAKIS  |  THURSDAY, 10 AUG 2023  |  NEWS
... sector". "I'm absolutely stoked about what this means for Kiwi ingenuity in renewable energy; it shows that our ambitious climate targets have the world's attention, and that they are good for the climate, good for the economy, and will help create highly ...

Sustainable finance heavyweight to chair National Reconstruction Fund board

RACHEL ALEMBAKIS  |  WEDNESDAY, 9 AUG 2023  |  NEWS
... Energy Agency (ARENA) and founding director of the Clean Energy Finance Corporation. He has also served as director of the Climate Council, chair and governing board member of Renewable Energy and Energy Efficiency Partnership and chairman of Low Carbon ...

Climate disclosure lawsuit against Commonwealth settled

RACHEL ALEMBAKIS  |  WEDNESDAY, 9 AUG 2023  |  NEWS
... landmark class action lawsuit against the Commonwealth of Australia alleging the government does not properly disclose climate change risk in government bonds has been settled. The case was filed in 2020 by Kathleen (Katta) O'Donnell, who is represented ...

Revenue recycling carbon tax would increase Australia's GDP

ROSE MARY PETRASS  |  WEDNESDAY, 9 AUG 2023  |  NEWS
... economy. In its place the Abbott government set up the Emission Reduction Fund in 2014 and emissions resumed growth. The climate safeguard mechanism is a component of this change policy tool that applies to direct emissions from designated large facilities. ...

Morgan Stanley reaches 70% of $1tn sustainable finance goal

ROSE MARY PETRASS  |  WEDNESDAY, 9 AUG 2023  |  NEWS
... investment will be needed every year to build a net-zero global economy by 2050, according to global economic growth and climate change mitigation think tank the Energy Transitions Commission. Morgan Stanley Chairman and CEO James Gorman commented: "I ...

Fidelity creates chief sustainability role, plus new chairs for IPCC and PRI

ROSE MARY PETRASS  |  FRIDAY, 4 AUG 2023  |  NEWS
... a chief sustainability officer position and put Jenn-Hui Tan in the role. This comes as the Intergovernmental Panel on Climate Change (IPCC) and UN-supported Principles for Responsible Investment (PRI) announce new chairs. Tan has received multiple promotions ...

Scope 3 emissions: an explainer for SMEs

ELISHA BRILLANTES, MEI LING HO  |  THURSDAY, 3 AUG 2023  |  NEWS
... important than ever for small and medium-sized enterprises (SMEs) to start tackling their carbon footprint. Mandatory climate disclosures will not just affect big businesses. There will also be increasing pressure on their suppliers to report and disclose ...