Institutional investors, councils and asset owners are exploring new ways to finance the task of ensuring infrastructure and property can withstand extreme weather, says Emma Herd of the Investor Group on Climate Change.
Today's NSW Budget allocates $7 million to overhaul biodiversity laws and policies, and $16.9 million to halve assessment time for major projects and improve consultation.
A super scheme with more than 785,000 members has imposed new restrictions on coal investments, while its socially responsible fund will also blacklist some coal-fired electricity generators and contractors to coal businesses.
The big four banks are under new pressure from activists to cease financing coal projects that could harm the Great Barrier Reef, while 'Lock the Gate' today sought a NSW Ombudsman's investigation into approval processes for mines.