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.
Treasury and financial regulators should act now to make carbon risk disclosure mandatory by 2024, international and domestic investors have told the Morrison government.
Mandatory climate risk disclosure appears inevitable in Australia, following a meeting of G7 finance ministers that also backed TCFD-style disclosure of nature impacts.
On his first day as OECD chief, Mathias Cormann has undertaken to have a program in place within 100 days that assesses efforts by member countries to cut emissions and reach net zero.
Shell says it will appeal a Dutch court decision overnight that requires it to reduce its global direct and indirect emissions to 45% below 2019 levels within 10 years.
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.
In a move that will direct an estimated NZ$3 billion over five years into emissions reduction programs, the New Zealand government today undertook to recycle all emissions trading scheme revenue into new abatement activities.