October

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.

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".

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.

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).

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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.