<< First  < Prev   ...   9   10   11   12   13   Next >  Last >> 
  • 17 Sep 2009 9:00 AM | IGCC Secretariat (Administrator)

    Co-ordinated by four leading investor groups on climate change (the US-based Investor Network on Climate Risk (INCR), the European Institutional Investors Group on Climate Change (IIGCC), and the Investor Group on Climate Change (IGCC) in Australia and New Zealand) and UNEP FI, the statement formalises the private sector’s requirement for a strong, binding framework to succeed the Kyoto Protocol.

    According to the statement, a global post 2012 agreement should specifically include:
    • A global target for emissions reductions of 50-85% by 2050
    • Developed country emissions reduction targets of 80-95% by 2050 with interim targets of 25-40% backed up by effective national action plans
    • Developing country action plans that deliver measurable and verifiable emission reductions
    • Government support for energy efficient and low carbon technology
    • Measures that support the move to an effective global carbon market, including ambitious caps, fair and efficient allocation of allowances and links between different trading schemes
    • Revisions to the Clean Development Mechanism to ensure real, permanent and verifiable emission reductions
    • Public financing mechanisms that leverage private sector finance for investment in developing countries
    • Measures to reduce deforestation and promote afforestation
    • Support for adaptation to unavoidable climate change impacts
    Click here to download a copy of the media release

    Click here to download a copy of the statement
  • 14 Aug 2009 5:00 PM | IGCC Secretariat (Administrator)

    The Investor Group on Climate Change (IGCC), representing investors with funds under management of over $500bn, today commented on the economic consequences of a lack of regulatory certainty on climate change.

    CEO of the IGCC, Mr Nathan Fabian said, “Make no mistake, delays in regulatory certainty stall investment decisions. This is so for both the Carbon Pollution Reduction Scheme (CPRS) and the Renewable Energy Target (RET).”

    “Disappointingly, emissions trading certainty has been delayed again, but the certainty of a new renewable energy target will allow some important projects to go ahead.”

    Passing the RET without the CPRS will not address the risk of climate change for institutional investors. Investors consider that the two schemes work together to set the framework necessary for a low‐carbon economic transition, but ultimately that some regulatory certainty is better than none.

    “Investment in renewable energy has stalled and therefore so has the creation of new jobs and low‐carbon generation capacity,” Mr Fabian said.

    “Even though the RET and CPRS would work best together for investors, we call on the Government to separate the Bills so that the RET can pass through the Parliament.”

    Click here to download a copy of the media release

  • 09 Aug 2009 5:30 PM | IGCC Secretariat (Administrator)
    The Investor Group on Climate Change, representing investors of over $500bn, today called for certainty of emissions trading scheme commencement in Australia as soon as possible and before the Copenhagen meeting in December.

    Investors believe the Carbon Pollution Reduction Scheme (CPRS) has adequate flexibility to accommodate outcomes from future international negotiations, especially because of the high levels of Emissions-Intensive Trade-Exposed Industry (EITE) assistance and a low 5% emissions reduction target if no immediate agreement is reached.

    Chair of the Investor Group on Climate Change (IGCC), Mr Frank Pegan said, “Institutional investors are satisfied that the CPRS is flexible enough to accommodate the outcome of future international negotiations.”

    “We are also satisfied that proposed industry assistance arrangements under the CPRS will protect the trade-exposed companies we part own and allow them to invest in emissions abatement.”

    Click here to download a copy of the media release
  • 19 Jun 2009 9:46 AM | IGCC Secretariat (Administrator)
    Peak investor groups (AIST and IGCC) and The Climate Institute issued a joint call today for regulatory certainty on climate change policy.

    Nathan Fabian, CEO of the IGCC said: “As investors for the long term we consider climate change to present clear investment risks that must be addressed in our investment decision-making.

    “Investors know that long-term returns will best be protected by our transformation to a competitive low-carbon economy.

    “We need the companies we part own to begin their low carbon transformation so they can succeed and provide investment returns over the long-term.

    “A price on carbon, economy-wide targets for renewable energy and public investment in alternative energy sources are all needed to support the transition of our economy and our investments.”

    Click here to download a copy of the media release
  • 07 May 2009 2:33 PM | IGCC Secretariat (Administrator)
    “Investors see no material earnings risks for emissions-intensive, trade-exposed companies from the early years of a Carbon Pollution Reduction Scheme (CPRS),” Chair of the Investor Group on Climate Change (IGCC), Mr Frank Pegan said today.

    “Far from putting companies in financial trouble, the CPRS will have a negligible financial impact on Australian companies in the early years,” Mr Pegan said.

    “The Government’s proposed CPRS has sufficient compensation to ensure that company profits and existing investors will not be impacted over the short to medium term,” Mr. Pegan said.

    The comments are based on analysis performed by IGCC member Goldman Sachs JBWere (GSJBW) on the earnings impact of the Government’s revised CPRS proposals on the S&P/ASX100. GSJBW released the research to clients after the Government’s planned changes to the CPRS were announced on Monday.

    Click here to download a copy of the media release
  • 01 May 2009 2:29 PM | IGCC Secretariat (Administrator)
    The Investor Group on Climate Change (IGCC) today announced the appointment of Mr Nathan Fabian as the Group’s first full-time Chief Executive.

    IGCC Chair Mr Frank Pegan said, “Now is a critical time for investors as they prepare for a carbon constrained future.”

    “Nathan’s appointment as the IGCC’s first full-time CEO demonstrates our commitment to supporting institutional investors in this period of environmental and regulatory change,” Mr Pegan said.

    Click here to download a copy of the media release
  • 23 Mar 2009 10:12 AM | IGCC Secretariat (Administrator)
    Mr Frank Pegan, Chair of the Investor Group on Climate Change (IGCC) recently announced the appointment of Mr Steve Gibbs as the Group's Communications Director. "We're delighted that Steve has joined our team especially as our membership grows along with the issues of climate-related effects on investment and economic growth" Mr Pegan said.
    "Steve's experience and understanding of the finance and investment sector will enable the IGCC's role to mature and more fully participate in political and economic dynamic that climate change risk has given rise to" Mr Pegan said. Click here to download a copy of the media release.
    "As part of its strategy to increase its contribution to the climate change debate, IGCC is also seeking to appoint a Chief Executive Officer over coming months" Mr Pegan concluded.
    Anyone interested in the position of IGCC Chief Executive Officer should email their expression of interest and resume to secretariat@igcc.org.au by Wednesday 7th April 2009.

    Click here to download a copy of the position description. 
  • 01 Oct 2008 3:59 PM | IGCC Secretariat (Administrator)
    The Investor Group on Climate Change in conjunction with project partners Goldman Sachs JBWere and Catholic Superannuation Fund recently launched the Carbon Disclosure Project Australia & New Zealand Report 2008.
    The Report was launched by the Honourable Senator and Minister for Climate Change and Water Penny Wong at business lunch for investors and company representatives. Click here to download a copy of the Report.

    For more information on the launch see the IGCC Events page.

<< First  < Prev   ...   9   10   11   12   13   Next >  Last >> 
Powered by Wild Apricot Membership Software