A major new survey shows Australian businesses are taking their own steps to deal with climate risk, and reveals a startling lack of support for the NEG as a tool to cut emissions.
NAB says climate change will result in credit rating adjustments, and by 2020 the bank will complete credit risk policy reviews for carbon-intensive and climate-sensitive sectors.
Woodside chief executive Peter Coleman has backed a globally-linked carbon price, and says the company's natural gas can be a platform for a new hydrogen industry.
The federal government's plan to underwrite new and expanded generation could stymie the rise of corporate power purchase agreements, the Clean Energy Council has warned.