Sustainable Melbourne Fund, ARENA, extend partnership in Victoria
Aug18

Sustainable Melbourne Fund, ARENA, extend partnership in Victoria

The Sustainable Melbourne Fund (SMF) and the Australian Renewable Energy Agency (ARENA) have extended their partnership to double the number of local governments in Victoria offering Environmental Upgrade Finance (EUF). Through the agreement, ARENA will provide $390,000 for an additional 15 local governments to offer EUFs in their municipalities, using SMF’s services and the environmental upgrade agreement structure. EUAs are...

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CEFC commits to large-scale solar projects developed by Edify Energy
Aug11

CEFC commits to large-scale solar projects developed by Edify Energy

Edify Energy is about to begin construction on large-scale solar projects in Queensland, backed by finance from the Clean Energy Finance Corporation (CEFC), Commonwealth Bank and French investment bank Natixis. Edify Energy’s latest large-scale solar projects are the 150MW (AC) Daydream Solar Farm and the 50MW (AC) Hayman Solar Farm. They are located near its 57.5MW (AC) Whitsunday Solar Farm and the 57.5MW (AC) Hamilton Solar Farm,...

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Green Bond issuance up 50% on first half of 2016: Climate Bonds Initiative
Aug04

Green Bond issuance up 50% on first half of 2016: Climate Bonds Initiative

The momentum for the issuance of green bonds is continuing to build, in Australia and around the world, according to Sean Kidney, CEO of the Climate Bonds Initiative (CBI). Kidney has been in Australia this week to speak on international green finance trends and green bond directions. So far in 2017, there has been US$54.4 billion in green bond issuance aligned with the CBI’s definitions, with May posting the highest month at US$12.19...

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International Finance Corporation launches NZ dollar-denominated green bond
Aug04

International Finance Corporation launches NZ dollar-denominated green bond

The International Finance Corporation (IFC) has launched the first New Zealand dollar-denominated Green Kauri bond. The bond will be minimum NZ$100 million and will be used to finance private sector investments addressing climate change in emerging markets. It is the first green bond for New Zealand. IFC will use the proceeds to fund investments in renewable energy, energy efficiency, and other areas that reduce greenhouse emissions,...

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Mining sector showing “signs of progress” on emissions management, face continued risk: CDP
Jul21

Mining sector showing “signs of progress” on emissions management, face continued risk: CDP

The mining sector is showing “signs of progress in its operational emissions management, reduced exposure to thermal coal and capital allocation in the context of a low-carbon transition,” but continues to face continued risk from downstream regulation and changing consumption patterns, according to CDP. CDP has ranked 12 of the largest publicly listed diversified miners based on their readiness for a transition to a low-carbon...

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ANZ, NAB join initiative to pilot Task force on Climate-Related Financial Disclosures
Jul14

ANZ, NAB join initiative to pilot Task force on Climate-Related Financial Disclosures

ANZ, National Australia Bank and 9 other global banks have committed to piloting the Task force on Climate-Related Financial Disclosures (TCFD)’s guidelines as well as committing to jointly develop “analytical tools and indicators to strengthen assessments and disclosures of climate-related risks and opportunities.” The global initiative will focus on reliable and standardised information and follows on from the publication last month...

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ASX200 sustainability disclosures improve, but climate-related data needed: ACSI
Jul14

ASX200 sustainability disclosures improve, but climate-related data needed: ACSI

ASX200 companies’ sustainability disclosures are improving, but fewer than half of the ASX200 have a climate change policy or emissions reduction target, according to new research from the Australian Council of Superannuation Investors (ACSI). ACSI has published its 10th annual Corporate Sustainability Reporting in Australia: 2017, which assesses the degree to which listed companies are reporting on sustainability information. This...

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CEFC allocates up to $150 million to Qube Holdings for transport terminal
Jul14

CEFC allocates up to $150 million to Qube Holdings for transport terminal

The Clean Energy Finance Corporation (CEFC) has committed up to $150 million to a major intermodal terminal in south-western Sydney that is expected to reduce emissions by switching from road to rail. Qube Holdings Limited is developing the nationally-significant Moorebank Logistics Park, which will increase the use of rail networks to distribute containerised freight to and from Port Botany. The project will also incorporate...

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