Speaking on behalf of global business associations, the Australian Industry Group's Tennant Reed has told UN climate negotiators to take bolder action, and the EU has warned that laggards could face border penalties.
Less than 10% of business executives are in favour of the federal government using hoarded 'Kyoto' carbon credits to meet Paris Agreement emissions targets, according to a new survey by the Carbon Market Institute.
ExxonMobil has won a significant victory in a US climate change test case, but Minter Ellison's Sarah Barker has warned that Australian companies should not assume the decision lessens the risk of similar litigation.
Australian companies are becoming more actively involved in the Science-Based Targets initiative, and a new report shows an increasing number of the world's large emitters are joining the program.
The New Zealand government today proposed mandatory reporting of climate change risks and opportunities, using the TCFD recommendations as the default.
The climate stance of the Business Council of Australia will come under intense scrutiny, as a major global investor alliance makes corporate lobbying reform a top priority.