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Showing 31 - 40 of 431 results for "coal"

Bowen paints mixed outlook for energy future

ROSE MARY PETRASS  |  THURSDAY, 12 OCT 2023  |  NEWS
... outweigh the costs. Despite high upfront costs, solar and wind energy are the "cheapest" forms of energy, he said, while gas and coal were more expensive. Storage and transmission expenses, while higher, remain more economical than fossil fuels. Coming ...

Coal mine case sets climate risk precedent

ROSE MARY PETRASS  |  THURSDAY, 12 OCT 2023  |  NEWS
The Federal Court has dismissed a challenge to two coal mine developments, establishing a precedent that the federal government can disregard the climate risks posed by such fossil fuel projects when deciding whether to approve them. In Environment ...

Act now on carbon emissions to avoid higher costs later: EY

RACHEL ALEMBAKIS  |  THURSDAY, 5 OCT 2023  |  NEWS
... mass creates a critical change in thinking about how we're going to pursue abatement? Oil and gas projects, along with coal mines, will deliver around 90% of emissions reductions in the short-term, but EY notes that facilities that fall under the ...

Climate risk or opportunity for insurance sector

ROSE MARY PETRASS  |  THURSDAY, 5 OCT 2023  |  NEWS
... Larger high-emissions assets are becoming uninsurable. For example, IAG will cease coverage for all fossil fuel extraction or coal-fired power by the end of 2023. As of 30 June 2023, it now has less than $1 million in gross written premium (GWP) in outstanding ...

US regulator adopts tighter rules for ESG fund names

RACHEL ALEMBAKIS  |  THURSDAY, 21 SEP 2023  |  NEWS
... savings into an 'ESG' or 'fossil free' fund, they expect to reduce their climate risk and not own big oil, coal, and deforestation," said As You Sow CEO Andrew Behar. " These new rules will help provide needed truth in advertising and ...

Kyoto credits cancellation brings tough implications for investors

ROSE MARY PETRASS  |  THURSDAY, 21 SEP 2023  |  NEWS
Last week, the federal government delivered a powerful message to the Australian investment community by cancelling a decade-old stockpile of 700 million Kyoto carbon credits and unveiling new measures to bolster the credibility of the Australian carbon ...

New net zero standard for miners

ROSE MARY PETRASS  |  THURSDAY, 14 SEP 2023  |  NEWS
... associated with it have already begun realigning their business strategies to align with the net-zero transition, phasing out coal and reducing transition risks. At the same time, there is growing demand for critical commodities necessary for the deployment ...

Forestry companies create global engagement body

RACHEL ALEMBAKIS  |  THURSDAY, 7 SEP 2023  |  NEWS
A coalition of forestry companies including New Forests have launched a collaborative engagement body that will advocate on issues including climate change, biodiversity loss and halting and reversing deforestation. The International Sustainable Forestry ...

Successful merger for social and inequality reporting framework

ROSE MARY PETRASS  |  FRIDAY, 1 SEP 2023  |  NEWS
Two initiatives focusing on inequality-related and social-related financial disclosures have successfully consolidated into a single taskforce to address related risks in reporting. The initiatives - the Taskforce on Inequality-related Financial Disclosures ...

Bank says fossil fuel exclusions "will bite" in the future

ROSE MARY PETRASS  |  THURSDAY, 31 AUG 2023  |  NEWS
... is because "ESG requirements about fossil fuels have become quite narrow... it's not just, a $100 million loan for a coal mine - it's down to service providers, so the window of exposure to fossil fuel industry is becoming more significant." ...