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Showing 11 - 20 of 87 results for "ocean"

Climate risk or opportunity for insurance sector

ROSE MARY PETRASS  |  THURSDAY, 5 OCT 2023  |  NEWS
Insurance leaders have reframed the challenge of climate risk as an opportunity, stating that physical risk from climate change is not the biggest challenge to insurance. Finity Consulting principal Rade Musulin and Swiss Reinsurance head of property ...

Nature credits a potential bonanza for Australia

RACHEL ALEMBAKIS  |  THURSDAY, 28 SEP 2023  |  NEWS
Australia is "uniquely positioned" to profit from any biodiversity credit market based on nature-positive outcomes, but it will require collaboration from business and government to grow a thriving market, according to analysis from Clayton Utz. Off ...

Australia considers carbon tariff to level playing field

RACHEL ALEMBAKIS  |  THURSDAY, 7 SEP 2023  |  NEWS
The Australian government is considering introducing a carbon tariff on carbon-intensive imports such as steel and cement to level the playing field for Australian business that are incurring costs to decarbonise their products. If Australia introduces ...

Finance "misunderstanding" risk of nature loss

ROSE MARY PETRASS  |  THURSDAY, 24 AUG 2023  |  NEWS
Financiers do not assess and disclose deforestation and biodiversity loss in Australia and may not even be aware of the risk when funding Australia's primary industries. New research from EY commissioned by The Wilderness Society found that deforestation ...

Investments at risk: Finance "out of step" with climate science

ROSE MARY PETRASS  |  THURSDAY, 3 AUG 2023  |  NEWS
... in the climate system which scientists warn may occur as early as 2025 "with 95% certainty". A collapse of this important ocean system would dramatically restrict Europe's agricultural output and lead to more extreme weather events. Among 16 other tipping ...

Asset managers failing on 2050 goals: InfluenceMap

ROSE MARY PETRASS  |  TUESDAY, 1 AUG 2023  |  NEWS
... none have commitments to avoid other forms of damage to natural habitats such as wetland draining for agricultural use or ocean pollution. ShareAction head of financial sector standards Claudia Gray commented: "It is alarming to see too many asset managers ...

Suppliers on notice: Amazon to enforce emissions reporting

ROSE MARY PETRASS  |  WEDNESDAY, 26 JUL 2023  |  NEWS
... Plastic film - the type of plastic used in its packaging - is the most common form of marine plastic litter and is deadly to ocean dwellers. In addition to reducing plastic packaging and transitioning the fleet to electric delivery options, the company ...

Nature Market Repair Bill: why some farmers oppose biodiversity offsets

ROSE MARY PETRASS  |  MONDAY, 3 JUL 2023  |  NEWS
... largest asset managers have commitments to avoid damage to natural habitats such as wetland draining for agricultural use or ocean pollution, and only a quarter have commitments on deforestation. A survey of 455 farmers in Australia that found that while ...

Just 5% of global emissions covered by corporate targets

ROSE MARY PETRASS  |  TUESDAY, 20 JUN 2023  |  NEWS
... needed. CDP will further develop the tracker to include nature-based solutions such as forests, water security, wetlands, and ocean degradation. "Accessible climate data supports a better understanding of decisions that align with a net-zero world," ...

The "Wild West" of "blue" investing

ROSE MARY PETRASS  |  WEDNESDAY, 5 APR 2023  |  NEWS
... just some of the many projects that could form a portfolio approach to a new asset class: blue capital. Investing in the ocean, which is equally as critical as investing in land-based projects such as reforestation yet often overlooked, can result in ...