Three Australian industry associations are among 20 business groups from around the world that last night wrote to the UN climate secretariat calling for a stronger commitment to linked carbon markets.
Companies newly-approved to earn carbon credits include Wesfarmers, several energy efficiency businesses and a company that the NSW EPA has censured for 'below par' environmental performance.
Institutional investors now clearly accept the stranded asset risks associated with traditional fossil fuel investments, and are assessing how climate change might 'partially strand' other major assets, speakers told an investor conference in Melbourne.
Qantas, IAG, and Australia Post are finalists in the large business category of the country's top environment awards, with leaders of three well-known organisations in the running for the CEO award.
If the world acts to keep warming below two degrees, average international carbon prices are likely to be between US$50 and US$80 a tonne by 2030, says a new analysis from BHP Billiton.
After gaining major environmental benefits and cost savings through a NSW sustainability program, Teys Australia will now earn valuable carbon credits from further site improvements.