The Morrison government will join efforts to develop a global standard for disclosing business impacts and dependencies on nature, Environment Minister Sussan Ley has announced.
The first draft of a Paris-style biodiversity agreement sets a target of sourcing 10 gigatonnes of carbon abatement annually from nature, proposes tough controls on nutrients, pesticides and plastic, and calls for a huge increase in biodiversity funding.
Mandatory climate risk disclosure appears inevitable in Australia, following a meeting of G7 finance ministers that also backed TCFD-style disclosure of nature impacts.
As Matthias Cormann prepares to take up the top OECD job, the G7 has released a new report from the agency he will lead that urges the use of taxes to help fight biodiversity loss.
Concerted global action on climate change is necessary to prevent continued deterioration of the Great Barrier Reef, acknowledges a federal government report released today.