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Showing 1 - 10 of 26 results for "carbon budget"

Investors and business leaders call for end to 'weak' net zero pledge

ROSE MARY PETRASS  |  WEDNESDAY, 12 FEB 2025  |  NEWS
An open letter led by Fortescue and signed by the likes of Future Super, Ethinvest, and a former RBA Governor, calls on the federal government to phase out fossil fuels. The letter demands 'real zero' targets over 'net zero' targets, and clear and transparent ...

Top consulting firms pilot SAP carbon tool

ROSE MARY PETRASS  |  THURSDAY, 19 DEC 2024  |  NEWS
Accenture, Deloitte and PwC sign on to a new carbon accounting system developed by tech giant SAP. EY and TCS also joined the three heavyweights in backing the new platform called the SAP Green Ledger. The new platform aims to be the most comprehensive ...

Super funds set renewables targets

ELIZA BAVIN  |  TUESDAY, 26 NOV 2024  |  NEWS
The Association of Superannuation Funds of Australia (ASFA) has welcomed the decision at a recent Treasury investor roundtable to progress work towards encouraging greater investment in Australia's renewables transition. The roundtable was for the ...

New tool sniffs out greenwashing

ROSE MARY PETRASS  |  TUESDAY, 26 NOV 2024  |  NEWS
Future Group's new and much-needed green lie detector has been made open source, available for free for all. The tool developed in partnership with the University of Technology Sydney's Institute for Sustainable Futures promises to help investors ...

Australia among the leaders in lowering carbon emissions

MICHELLE BALTAZAR  |  THURSDAY, 14 NOV 2024  |  NEWS
... bigger push into renewable energy over the same period. CSIRO's Dr Pep Canadell, executive director of the Global Carbon Budget, said there has been a 0.8% increase in global carbon emissions from fossil fuels in 2024. This is equivalent to an additional ...

Woodside's US$2.35bn gamble raises doubts

ROSE MARY PETRASS  |  MONDAY, 12 AUG 2024  |  NEWS
... by 2030. Woodside has not set a Scope 3 target, and its Scope 3 emissions are projected to overshoot its 1.5°C carbon budget by over 70% between 2022 and 2050, according to the World Benchmarking Alliance. Critics question the project's ability ...

Vision Super in hot water over coal investment

ELIZA BAVIN  |  TUESDAY, 25 JUN 2024  |  NEWS
... governance policy, removing its revenue-based coal, oil and gas investment restrictions and replacing them with a "carbon budget framework". Market Forces analysis revealed Vision Super's default investment option has since picked up investment exposure ...

Holdings fly in face of super duty

ROSE MARY PETRASS  |  THURSDAY, 30 MAY 2024  |  NEWS
... companies' expansion plans totals more than 129 gigatons, which would consume around half of the remaining global carbon budget for keeping global warming to 1.5 degrees." Super funds have "no remaining excuses for failing to act".

Preparing for COP28: nature and climate integration

ROSE MARY PETRASS  |  TUESDAY, 14 NOV 2023  |  NEWS
... between now and 2085. According to GlobalData, if other oil-producing nations followed similar plans, the world's carbon budget for 1.5°C would be exceeded many times over. Despite the controversies surrounding COP28's host country, Center anticipates ...

A portfolio approach for renewable investment: Energetics

RACHEL ALEMBAKIS  |  THURSDAY, 2 NOV 2023  |  NEWS
... possible, but requires $421 billion in investment between now and 2050. The report identifies six areas for action - a carbon budget for the electricity sector; national coordination of the transition to accelerate coal powered generation closures and ...
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