81-90 of 112 results
Key developments for APRA-regulated entities in managing climate risks
Recently released guidance from the Australian Prudential Regulation Authority (APRA) and two new barrister opinions re-emphasise the need for banks, superannuation trustees, insurers, and other organisations, to respond to, and appropriately manage, financial risks associated with climate change. ...
Federal Budget 2021-22: 'Below baseline' crediting scheme to go ahead
The Federal Government has earmarked $280 million in its Budget 2021 for the roll-out of a 'below baseline' crediting scheme, which was a key recommendation of an expert review led by Grant King (King Review). Here we briefly considers what this means for large emitters. ...
EU carbon tariffs on the horizon – what Australian trading businesses need to know
The European Union's Parliament has adopted a resolution supporting the introduction of a Carbon Border Adjustment Mechanism (CBAM) to tax carbon emissions embedded in foreign imports entering the EU. The EP has resolved to implement by 2023 a regime that is compliant with World Trade Organization (WTO) rules. ...
Investor state arbitration and the environment: preparing for change in 2021 and beyond
The overlap between international investment and environmental protection is expanding, eg with environmental protection provisions featuring in recent International Investment Agreements (IIAs) and international Free Trade Agreements (FTAs), and environment-related investor-state disputes. ...
A growing tide? Climate change class action proceedings issued against the Federal Treasury
Australia is becoming front and centre as a forum for activist climate change litigation against corporates, financial institutions and government. We assess the significance of these proceedings and outline the key questions your organisation and its Board should be asking. ...
Targeting net zero: five steps for stronger climate governance, disclosure and compliance
The last few years have seen a dramatic expansion of governance and disclosure expectations in relation to climate change risks. Publicly listed companies need to establish robust governance and disclosure frameworks, and ensure those frameworks are supported by effective implementation and review ...
The big picture: Australia's commitments under the Paris Agreement
In December 2015, the parties to the United Nations Framework Convention on Climate Change (the UNFCCC) adopted a landmark agreement to combat climate change and to take steps to shift their economies towards a sustainable, low carbon future (the Paris Agreement). ...
Climate change and project approvals
Climate change impacts have for many years been accepted as a relevant consideration in the assessment of planning and environmental applications in Australia. Until recently, the focus of consent authorities has been primarily on the direct greenhouse gas (GHG) emissions of a project from owned and ...
Energy efficiency schemes – retailer risk vs business and household opportunities
A number of states and territories have established schemes that provide electricity users with incentives to implement energy saving measures and which require electricity retailers to achieve energy saving targets. ...
Carbon farming and the Emissions Reduction Fund / Climate Solutions Fund
The legislative regime for the generation of carbon credits from voluntary emissions reduction projects (otherwise known as 'carbon farming') in Australia was first established in 2014. ...