An Australian start-up exploring technology to radically reduce methane emissions in agriculture has secured financial support from Bill Gates-founded climate investment firm, Breakthrough Energy Ventures (BEV).
Tiverton Agriculture Impact Fund plans to raise around $20 million in new capital to move to 100% of specialist offsets company Carbon Neutral and increase its shareholding in global soil carbon measurement specialist, Downforce Technologies.
Leading Australian banks, insurers and asset owners, in conjunction with climate scientists, have developed new guidelines on assessing physical climate risk and disclosing its financial impact.
A fund managing more than A$136 billion has announced it has divested from five companies because their climate change lobbying conflicts with climate science.
Businesses should be prepared for a rapid increase in TCFD analysis of their climate risk exposure commissioned by third parties such as investors, business customers and climate activists, says leading advisor Dr Karl Mallon of consultancy XDI.
Commbank today set a deadline to cease financing all thermal coal production and power generation and warned that agricultural productivity could plunge without action to adapt to climate change.