Modelling shows the Gillard Government's proposed power station CO2 emission standard could imperil efforts to cut emissions unless they are tightened, according to WWF and the Climate Institute, but the ESAA says standards represent an "unnecessary market intervention".
Westpac will 'avoid' transactions that support greenhouse-gas intensive power plants and is 'speaking out' on sustainable business practices, but has fallen short of meeting this year's target for cutting its own greenhouse gas emissions, today's sustainability report reveals.
ASX100 companies match their European counterparts on board level engagement on climate change, but lag well behind in setting emissions reduction targets, according to a Carbon Disclosure Project report released today.
Growing investor nervousness about carbon exposure is driving Standard & Poor's efforts to incorporate carbon risk analysis into all its credit ratings, with the roll-out beginning next year, says the agency's head of global carbon markets, Michael Wilkins.
What to look for in web-based carbon accounting tools; Greenpeace tallies coal investments by big four banks; and U.S. provides half a million in funding for Global CCS Institute.
In an Australian first, investors will put resolutions to the AGMs of Woodside and three other ASX-listed companies demanding that they reveal details of their greenhouse gas emissions and carbon policies, with 'sustainability provocateur' Paul Gilding saying businesses won't act on climate change unless investors – or governments – force them into it.
A new Australian investment fund launched today has an explicit mandate to advocate for climate action by ASX200 companies – and will next month name the company that will be subject to Australia's first climate change shareholder resolution.
Economic modelling for the ACTU and the Australian Conservation Foundation concludes Australia would do better with a price on carbon and no imports of international carbon credits.
The Greens have today written to Prime Minister Kevin Rudd seeking Parliamentary debate of their fixed-price carbon proposal, with organisations including WWF, ACF and Greenpeace voicing their support.