NAB has become the first Australian bank to launch a climate bond, and the first bank globally to have a bond certified under the international Climate Bonds Standard.
Institutional investors with more than one trillion dollars in funds have published an open letter to Prime Minister Tony Abbott urging him not to wind back the RET target.
AMP Capital says its new restrictions on investing in coal and coal-to-liquids companies will have limited practical effect, but show that investors are alert to massive adjustments taking place in the energy sector.
Policy uncertainty about renewables and carbon is 'shining a great big spotlight on the issue of sovereign risk in this country', says a funds manager with $50 billion in assets under management.
New reports from an Australian group representing funds that manage more than $900 billion warn oil and gas reserves might have to remain unexploited and urge investors to seek climate change risk assessments from owners of large mines.