In a move designed to lure international investment into Australian sustainability initiatives, the Commonwealth Bank is now offering ESG-labelled term deposits denominated in foreign currencies.
Current industry policy won't get Australia to net-zero because it's susceptible to lobbying by vested interests, and is based on poorly-designed grants and regulations, says a new Grattan Institute report.
Undeterred by two previous Senate disallowances, the federal government has again gazetted regulations that expand ARENA's remit beyond renewable technologies.
Energy and Emissions Reduction Minister Angus Taylor has highlighted spending on regional energy infrastructure hubs, in a Budget that delivers little new climate or environmental funding.
The Senate this afternoon rejected a Greens bid to block a $50 million grant scheme that will award money to companies including Santos, Boral, Corporate Carbon, and Glencore.