Environmental

J.P. Morgan, GIIN report uptick in impact investing

RACHEL ALEMBAKIS  |  FRIDAY, 2 MAY 2014  |  NEWS
The world's largest impact investors say they expect to commit US$12.7 billion to impact investments in 2014, a 19% increase over 2013, according to a survey conducted by.P. Morgan and the Global Impact Investing Network (GIIN).

CDSB tackles reporting of carbon asset stranding risks

RACHEL ALEMBAKIS  |  WEDNESDAY, 30 APR 2014  |  NEWS
(ed. note: Substantially updates throughout with comment from Lois Guthrie)

CEC analyses impact of removing Renewable Energy Target

RACHEL ALEMBAKIS  |  WEDNESDAY, 30 APR 2014  |  NEWS
Retaining the Renewable Energy Target would potentially keep power prices lower, as compared to removing the target and increasing reliance on "increasingly expensive gas and ageing coal-fired power," according to the Clean Energy Council (CEC).

IGCC: climate financing achievable, but needs policy clarity

RACHEL ALEMBAKIS  |  THURSDAY, 24 APR 2014  |  NEWS
The Intergovernmental Panel on Climate Change (IPCC)'s analysis of climate finance shows that redirecting global funds from investment emissions intensive assets to low carbon sources should be a priority for governments and investors, according to the ...

Tumut Shire Council to slash electricity costs after upgrade

RACHEL ALEMBAKIS  |  THURSDAY, 24 APR 2014  |  NEWS
The Tumut Shire Council in New South Wales has completed upgrades to its administration building that will reduce electricity costs by 66%, according to the Clean Energy Finance Corporation (CEFC).

Three new CFI methodologies up for approval

RACHEL ALEMBAKIS  |  THURSDAY, 24 APR 2014  |  NEWS
Three new Carbon Farming Initiative (CFI) methodologies have been endorsed by the Domestic Offsets Integrity Committee (DOIC), according to the Department of the Environment.

IFC, Shenzhen Emissions Trading Exchange sign agreement

RACHEL ALEMBAKIS  |  WEDNESDAY, 23 APR 2014  |  NEWS
The International Finance Corporation (IFC) and the Shenzhen Emissions Trading Exchange will work together to develop products to drive more trades and create business opportunities.

World Bank issues $300m Australian Kangaroo Green Bond

RACHEL ALEMBAKIS  |  THURSDAY, 17 APR 2014  |  NEWS
The World Bank has issued a AU$300 million, five-year fixed rate Australian-dollar denominated Kangaroo Green Bond, the first ever in the Australian domestic market.

Green Bond Principles jumps to 25 banking supporters

RACHEL ALEMBAKIS  |  THURSDAY, 17 APR 2014  |  NEWS
The Green Bond Principles - a set of voluntary guidelines on the development and issuance of green bond - nearly doubled its number of supporters to 25 and the International Capital Market Association (ICMA) has been appointed secretariat.

Norton Rose Fulbright: trustees must consider climate change

RACHEL ALEMBAKIS  |  WEDNESDAY, 16 APR 2014  |  NEWS
Superannuation fund trustees have a legal obligation to evaluate and appropriately respond to climate change risks in their funds' investment portfolios, according to Norton Rose Fulbright.