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Showing 1 - 10 of 47 results for "COP28"

COP29 skirts diplomatic disaster

ROSE MARY PETRASS  |  MONDAY, 25 NOV 2024  |  NEWS
An eleventh-hour agreement on carbon markets was the major outcome of the world's largest climate conference which spiraled into an ineffective platform for international negotiation. After a decade of negotiations, parties agreed on Article 6 ...

COP fails to bridge yawning funding gap

ROSE MARY PETRASS  |  MONDAY, 18 NOV 2024  |  NEWS
Developing countries are asking for more climate financing and wealthy nations debating how to pay for it. The 2024 UN Climate Change Conference (COP 29) runs from 11-22 November 2024 in Baku, Azerbaijan. So far, COP29 chief executive Elnur Soltanov ...

States and feds step up on nature and resources

ROSE MARY PETRASS  |  TUESDAY, 25 JUN 2024  |  NEWS
The federal and state governments set new ambitions to take the country to the biodiversity UN Conference of the Parties to the Convention on Biological Diversity (COP 16 CBD) in Colombia later this year. Canberra on Friday committed to set a national ...

Companies warned to disclose nature risks

ROSE MARY PETRASS  |  THURSDAY, 2 MAY 2024  |  NEWS
Organisations must assess their nature-related dependencies, impacts, risks, and opportunities and disclose their findings to all stakeholders. Nature-related dependencies pose material financial risks for organisations, Tony Goldner, executive director ...

Defunct fund pays greenwashing fine

RACHEL ALEMBAKIS  |  WEDNESDAY, 28 FEB 2024  |  NEWS
A now-defunct app-led climate impact fund is the latest entity to cop a fine for greenwashing from the regulator. Melbourne Securities Corporation (MSC) has paid $13,320 to comply with an ASIC infringement notice relating to allegations of misleading ...

ESG in 2024: key trends and legislative changes for the year ahead

ROSE MARY PETRASS  |  THURSDAY, 28 DEC 2023  |  NEWS
If 2023 marked a broadened focus on climate adaptation, transition, biodiversity and modern slavery, 2024 is poised to be the year of ESG integration, consolidated reporting, legislative compliance, supply chain due diligence, and managing artificial ...

COP28 key outcomes: what it means for finance

ROSE MARY PETRASS, RACHEL ALEMBAKIS  |  THURSDAY, 14 DEC 2023  |  NEWS
After 36 hours of tense negotiations, the climate agreement for the first time calls on nations to "transition away" from fossil fuels - but does not explicitly call for a fossil fuel "phase out." The first UN Global Stocktake on climate has resulted ...

COP28: Australia commits $150m to Pacific resilience

ROSE MARY PETRASS  |  MONDAY, 11 DEC 2023  |  NEWS
The Australian government has announced it will rejoin the global Green Climate Fund with an initial contribution of $50 million, and allocate $100 million to the Pacific Resilience Facility, to help developing countries transition their economies to ...

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

ROSE MARY PETRASS  |  MONDAY, 4 DEC 2023  |  NEWS
During the first week of the COP28 climate summit in Dubai, Australia and other countries outlined new commitments to reduce emissions including methane, non-CO2 gasses and coal. Several countries and major corporations expressed interest in using carbon ...

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

ROSE MARY PETRASS  |  FRIDAY, 1 DEC 2023  |  NEWS
The first day of COP28 culminated in a landmark deal to help the most vulnerable emerging economies pay for the impacts of climate change. The initial funding is close to US$429m. Host nation the United Arab Emirates and Germany both pledged US$100 ...
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