There are up to one million existing houses in high to extreme bushfire-risk areas that have little or no fire protection, the institute’s submission to the natural disasters royal commission said.
Top five considerations for meaningful climate-related corporate governance | Minter Ellison
Investor and regulatory expectations on corporate governance of climate-related risk continue to intensify. Our analysis of FY19 annual reports indicates that only 21 (7%) of ASX300 companies had 'meaningful' climate change risk disclosures, compared with 137 (45.5%) of reports containing little or none. Here, we consider key questions to help guide your assurance and disclosure process in the FY20 reporting season.
Download the report here.
Virus-driven change in energy | Alan Pears and Renew Economy
'Everyone was watching': BlackRock is showing its hand | Sydney Morning Herald
Battle ahead for EU’s 750-bn-euro recovery plan | Agence France
But the path ahead will be long, with cost-cutting member states promising fierce opposition and Germany warning that the plan would only come into effect next year. If passed, the proposal would be the biggest EU stimulus package in history and could see Europe-wide taxes on plastics and big tech introduced in a major advance for European integration. “This is Europe’s moment,” Von der Leyen told a session of the European Parliament as she announced the plan.
Coronavirus: The pandemic is also a reckoning for climate change, Turnbull tells British audience | The Age
"The COVID virus has been a case of biology confronting and really shaking the complacency of day-to-day politics with a physical reality of sickness and death on a scale we haven't seen for a very long time," Turnbull told the Policy Exchange audience.
"And so the question really is: why do so many people in government and so many people in politics - particularly in the Anglo sphere - not take the scientific evidence on climate change just as seriously?
More about this interview.
Banking imperatives for managing climate risk | McKinsey & Company
More than regulatory pressure is driving banks to manage climate risk. Financing a green agenda is also a commercial imperative—but specialized skills are needed to protect balance sheets.
Why are investors not pricing in climate-change risk? | The Economist
COMPANIES ARE often quick to tout their green credentials. So are many of the sophisticated institutional investors who buy and sell their shares. Yet when it comes to pricing the risk of climate change, those investors may be falling short.
New research suggests that the risk of climatic disasters such as floods, storms and wildfires are not reflected in the price of equities around the world. What is more, when disasters do occur, the fall in share prices is modest.
'No doubt left' about scientific consensus on global warming, say experts | The Guardian
Three studies published in Nature and Nature Geoscience use extensive historical data to show there has never been a period in the last 2,000 years when temperature changes have been as fast and extensive as in recent decades.
Evolving our approach to climate change | BHP
“The evidence is abundant: global warming is indisputable.The planet will survive. Many species may not.
Use of emissions-intensive products from the resources industry have contributed significantly to global warming. Those emissions related to BHP’s business come from three sources. Scope 1 and 2 emissions from electricity consumption and diesel use at our operations, and scope 3 emissions from our value chain.”
We have 18 months to save world, Prince Charles warns Commonwealth leaders | The Telegraph
“Ladies and gentlemen, I am firmly of the view that the next 18 months will decide our ability to keep climate change to survivable levels and to restore nature to the equilibrium we need for our survival.”
Climate Change risks and opportunities | TCFD
This paper is a primer for business leaders who wish to begin the process of designing and implementing a framework that will allow for the establishment of resilient businesses while also protecting directors from potential liability with respect to their duties under Australian companies law.
Climate and Law, Sarah Barker | Acclimatise
Climate change is increasingly being understood as an issue of financial risk to corporates. This has brought the issue to the attention of corporate lawyers like Sarah Barker, Special Counsel and Head of Climate Risk Governance at MinterEllison, the largest commercial law firm in the Asia Pacific. For over six years, Sarah has been a leading voice in the field of climate risk governance for business.
As climate change is now widely accepted as a financial risk issue, it necessarily enlivens established legal frameworks around corporate management and disclosure of climate risk. In this Acclimatise Conversation on Climate Change Adaptation, Sarah Barker talks us through why it is so important, from a legal perspective, for businesses to govern for the financial risks associated with climate change.
Bringing Climate Change onto the board agenda | Deloitte
Climate change is likely to drive some of the most profound changes to businesses in our lifetimes. Impacts on products and services, supply chains, loss of asset values and market dislocation are already being caused by more frequent and severe climate-related events. These effects are now compounded by the accelerating pace of policy and regulatory change as humanity recognises the challenge we face and the drastic and rapid actions we all must take in order to protect our planet and our own livelihoods.
'Hell Is Coming': What Lies Ahead for Europe's Climate | SPIEGEL ONLINE - International
In a world without climate change, Utrecht in the Netherlands would expect temperatures like these only once every 20 years. Now, though, they will occur every five years. The same, they claim, is likely true of many German cities.
Listed UK companies and pensions face mandatory climate reporting | FT
The government’s new green finance strategy, to be published on Tuesday, will “set expectations” for listed companies and large asset owners to report climate risks by 2022, said the Treasury, adding that work with regulators “will explore the most effective way of doing this, including whether mandatory disclosures are necessary”
Green New Deal: The enormous opportunity in shooting for the moon | Medium
In short, without changing the size of our homes, or our cars, or fundamentally changing the fabric of our lives, these discounts mean that a fully electrified energy economy using non-carbon fuel sources would require less than half of the total amount of energy we use today.
Global Climate Talks Stall as Temperature Soars in Europe | Bloomberg
“The delegates remained deadlocked on accounting rules and governance for the system, pushing the debate to their next meeting in Chile in December. They also failed to agree a statement on a scientific report about the risks of rising temperatures, with a group of countries trying to water it down, even as Berlin and Paris were facing highs near 40 degrees Celsius (104 Fahrenheit).”
Booming LNG industry could be as bad for climate as coal, experts warn | The Guardian
Natural gas is at times described as a transition fuel in the response to the climate crisis as it has about half the carbon dioxide emissions of black coal when burned to generate electricity. That argument has been rejected by the head of the International Energy Agency and science bodies warning the world needs to rapidly move to clean energy and industries.
Rhinehart's secret millions to the IPA | The Saturday Paper
"They give the impression of broad-based financial support from thousands of individuals, of an organisation not beholden to corporate supporters."