In the wake of the devastating Black Summer bushfires, an overwhelming majority of Australians (82%) say they are concerned about climate change resulting in more bushfires, according to a new benchmark report released today by the Australia Institute’s Climate & Energy Program.
Post-Abe agenda: Suga says Japan to go carbon-free by 2050 | ABC7 San Francisco
Japan will achieve zero carbon emissions by 2050, Prime Minister Yoshihide Suga declared Monday, outlining an ambitious agenda as the country struggles to balance economic and pandemic concerns.
Coal exports delayed after China orders companies to stop buying | Queensland Mining and Energy Bulletin
A state-controlled utility in eastern China cancelled about 10 cargoes of Australian coking and thermal coal that were due for delivery in November and December because the ruling Chinese Communist Party (CCP) told staff to cancel the order. The cancellation was unusual since the utility had long-term contracts with the Australian mineral producer according to Argus Media.
Investors lead push for Australian business to cut emissions more than government forecasts | The Guardian
Major investors and super funds will lead a push for the private sector to make much deeper cuts in national greenhouse gas emissions by 2030 than planned by the Morrison government, including setting a target based on what scientists say is necessary.
Risk list goes viral as climate change slips out of focus | Insurance News
Infectious diseases and the global pandemic have soared up the ranks in Axa’s latest survey of most pressing global risks, with COVID-19 triggering a dramatic jump in health concerns to first place from eighth, knocking climate change from the top spot.
Adopting Paris-aligned climate plan would create billions of dollars in fresh Australian investment opportunities | IGCC
IGCC Chief Executive Officer, Emma Herd, said Australia could not afford to ignore the investment opportunities identified under an orderly transition. “Investors, companies and governments will need to work together to create a trajectory to achieve a resilient net zero emissions economy by 2050, including deeper emission reductions over this decade. “
“If we get this right, Australia could reap the benefits of $63 billion in fresh private investment over the next five years, and over $1 trillion by mid-century, in domestic opportunities alone. If we continue as we are, we’ll leave billions of dollars in investment opportunities behind.”
Wind farms could power every home by 2030 - PM | BBC News
Speaking to the Conservative party conference, the PM announced £160m to upgrade ports and factories for building turbines to help the country "build back greener". The plan aims to create 2,000 jobs in construction and support 60,000 more. He said the UK would become "the world leader in clean wind energy".
Minerals Council says it will release a 'climate action plan' next year | The Guardian
Climate change costs to hit these Australian regions hardest | AFR
Apple CEO Tim Cook says he's taking on climate change and needs backup | CNBC
“If you are an executive who has not developed an innovation strategy to address your impact on the climate, then you are failing in your duties as a leader.”
Insurance premiums high because of government misspend | The New Daily
The insurance industry has already declared Australia’s second bushfire ‘catastrophe’ of the season despite summer not yet arriving, renewing calls for more government mitigation work
Has Australia ‘over-invested’ in renewable energy? | Renew Economy
No. Minister Angus Taylor clearly hasn’t looked at the history of our electricity infrastructure. Renewable energy policy has been poorly designed, to some extent because of politicisation, and to some extent because no-one imagined it would grow this fast, driven by astounding cost reductions and technology developments.
The hot topic of climate change | The Saturday Paper
“The failure to have a coherent national energy policy is a major problem but it is founded on this rock of climate denialism inside the Liberal Party and inside the media, including by the newspaper you [the interviewer] work for.” Malcolm Turnbull
Mark Carney: banks should stress test clients for climate risk | Financial News
Just one in four of the companies surveyed in the task force’s 2019 status report provided the “fuller set” of information it recommended, the BoE governor highlighted, adding that progress across different sectors was “uneven”.
Thinking Ahead Institute reveals top fifteen extreme risks for investors | GARP
Non-financial threats loom larger, relative to economic or banking worries, according to the Thinking Ahead Institute.
Global temperature change ranks No. 1 on a list of 15 extreme risks compiled by the Thinking Ahead Institute (TAI).
The institute, a not-for-profit outgrowth of Willis Towers Watson Investments' Thinking Ahead Group, which dates back to 2002, raised the climate issue two places higher than it was in a 2013 ranking of “potential events that are very unlikely to occur but could have a significant impact on economic growth and asset returns should they happen.”
Currently placing second is global trade collapse, up from fifth in 2013, followed by a new entry, cyber warfare.
Tim Hodgson, head of the Thinking Ahead Group, pointed to a general trend of “financial risks falling down the rankings and non-financial extreme risks growing in significance. Global temperature change becomes the highest-ranked risk due to our assessment of higher likelihood coupled with significant impact – in the extreme this would mean mass extinction.”
Continue reading on GARP website.
Scorched Earth: Cities Seek to Protect Themselves from Climate Change | SPIEGEL ONLINE
For a long time, climate change was merely an abstract phenomenon for many people, one that future generations would be affected by, if at all. But the perception has changed dramatically in recent months.
Corporate boards that pay lip service to climate change do so at their peril | SMH
This Victorian surf club is under threat as climate change eats away at the coast | The Age
Scorched Earth: Cities Seek to Protect Themselves from Climate Change | SPIEGEL ONLINE
For a long time, climate change was merely an abstract phenomenon for many people, one that future generations would be affected by, if at all. But the perception has changed dramatically in recent months.
Why Vladimir Putin Suddenly Believes in Global Warming | Bloomberg
The processing trains and storage tanks at Yamal LNG sit atop 65,000 piles driven up to 28 meters into the permafrost. These are kept cold by a so-called “thermosyphon system” designed to ensure that the soil’s load-bearing capacity is maintained throughout the project’s life.