The world’s largest financier of fossil fuels has warned clients that the climate crisis threatens the survival of humanity and that the planet is on an unsustainable trajectory, according to a leaked document.
The governance professional’s guide to better managing climate change risks | Governance Institute
The Governance Institute of Australia has released guidance for company directors and other governance professionals that breaks down the complexity of identifying and disclosing climate change-related risks.
A 60% rise in industrial emissions points to failure of Coalition's 'safeguard mechanism' | The Guardian
RepuTex’s executive director, Hugh Grossman, said emissions from electricity generation had fallen 9% since 2005, but those gains were being eroded by unchecked carbon pollution in other areas. “While we have seen record levels of investment in renewable energy technology in the electricity sector, the industrial sector has been largely missing from the national emissions reduction challenge,” he said.
Business leaders back net zero emissions by 2050 | AFR
Blackrock is getting serious about climate change | World Resources Institute
Our investment conviction is that sustainability and climate-integrated portfolios can provide better risk-adjusted returns to investors. And with the impact of sustainability on investment returns increasing, we believe that sustainable investing is the strongest foundation for client portfolios going forward.
Climate change 'could trigger a financial crisis' and central banks may have to bail out fossil fuel operators | ABC News
Dear Davos: Read Klaus Schwab's letter to all participants in full | WEF
Climate change threatens future of Australian Open and summer sports | The New Daily
Physical risk from climate change impacts summer sports events.
Davos 2020: Ursula von der Leyen warns China to price carbon or face tax | FT
Australia will need to account for its carbon footprint if it wants to trade with the EU.
Climate crisis fills top five places of World Economic Forum’s risks report | The Guardian
The World Economic Forum’s annual risks report found that, for the first time in its 15-year history, the environment filled the top five places in the list of concerns likely to have a major impact over the next decade.
Greta Thunberg: Our house is still on fire and you're fuelling the flames | WEF speech
I wonder, what will you tell your children was the reason to fail and leave them facing the climate chaos you knowingly brought upon them? The 1.5-degree target? That it seemed so bad for the economy that we decided to resign the idea of securing future living conditions without even trying?
My Climate Action Conundrum – beyond weak targets and Kyoto carryovers | Alan Pears
London, New York mayors urge cities to divest from fossil fuels | Trust.org
None of the C40 cities that have divested their pension funds has seen worse performance and some have done better by removing fossil fuels, C40 said. We don't expect it to have a negative effect at all on the income of pension funds," Hanisch said. "If anything we expect it to have a positive impact.
Finance counts the cost of the bushfire catastrophe | AFR
Where the law requires the disclosure of climate risk, needless to say it should be done in a way that's useful and relevant to the market", he said. "Where climate risk is material, we're actively encouraging directors and advisers to provide voluntary disclosure to the market.
Energy grid under threat as bushfires bear down on power lines | The Age
Rolling blackouts were narrowly averted earlier this week when authorities were forced to suddenly called on emergency power reserves to fill a shortfall in supply due in Victoria.
The world has made the link between Australian coal, fires and climate | SMH
See Where Australia’s Deadly Wildfires Are Burning | NY Times
Australia Is Committing Climate Suicide | NY Times
2019 was Australia's hottest and driest year on record | ABC
Australia's annual mean temperature was 1.52 degrees Celsius above the 1961-90 average of 21.8C — well above the previous hottest year (2013) at 1.33C.
Insurers will ramp up efforts as regulation and disclosure goes global | Clyde & Co
In 2020, as insurers and banks ramp up their efforts to identify and manage climate risk more strategically in line with the PRA's supervisory statement SS3/19, many are expected to adopt TCFD recommended disclosures (Task Force on Climate-Related Financial Disclosures)