• 30 Sep 2014 8:19 AM | IGCC Secretariat (Administrator)
    The Investor Group on Climate Change (IGCC) today published an open letter to the Prime Minister on the Renewable Energy Target (RET). The letter urges the Federal Government to keep Australia an attractive investment destination by maintaining its previous support for the RET. The letter can be viewed today in national newspapers and at www.igcc.org.au.

    “Institutions invested hundreds of millions of dollars in renewable energy projects on the basis of bipartisan support for the RET,” Mr. Nathan Fabian, Chief Executive of the IGCC, said.

    “If the RET is cut, many of these job creating investments, made on behalf of more than ten million Australians, will be at risk of financial losses.”

  • 18 Sep 2014 9:20 PM | IGCC Secretariat (Administrator)
    BlackRock, CalPERS, PensionDanmark, Deutsche, South African GEPF, Australian CFSGAM, Cathay Financial Holdings among 347 investors urging heads of state to take strong action
    on climate change

    NEW YORK CITY – Days before UN Secretary-General Ban Ki-moon convenes the Climate Summit at the United Nations to spur climate action and facilitate a global climate agreement in 2015, nearly 350 global institutional investors representing over $24 trillion in assets have called on government leaders to provide stable, reliable and economically meaningful carbon pricing that helps redirect investment commensurate with the scale of the climate change challenge, as well as develop plans to phase out subsidies for fossil fuels.
  • 18 Aug 2014 3:04 PM | IGCC Secretariat (Administrator)

    Any change to the Renewable Energy Target (RET) would put billions of dollars of renewable energy investment at risk and reduce the superannuation returns of millions of Australians, said the Investor Group on Climate Change (IGCC). IGCC was responding to conflicting media reports today about the Government’s position on the RET.

    “The prospect of the Government weakening the RET continues to stun investors because investments were made with the expectation of continued bi-partisan support for the policy,” said Nathan Fabian, IGCC Chief Executive.

    “Renewable energy investments with long-term horizons of over twenty years were undertaken on the basis that the RET was here to stay,” Mr. Fabian said.

  • 17 Jul 2014 1:40 PM | Anonymous

    Today’s repeal of the carbon price is a blow to Australia's investment environment and the country’s economic prospects, said the Investor Group on Climate Change.

    The repeal introduces a new phase of uncertainty for investors, with no central emissions reduction framework in place. The policy vacuum created by the carbon price repeal cannot be filled by a government subsidy based abatement scheme as is proposed by the Federal Government.

    "Without a carbon price and a cap on emissions, companies may mis-price emissions risks and invest too much in emissions intensive activities,” said Nathan Fabian, IGCC Chief Executive.

  • 27 Jun 2014 1:03 PM | IGCC Secretariat (Administrator)

    Emissions trading is an appropriate policy for Australia and all efforts must be made to ensure that Australia’s underlying carbon pricing framework is maintained, said the Investor Group on Climate Change today.

    Removing Australia’s low cost emissions trading scheme would harm Australia’s economic prospects, said Nathan Fabian, IGCC Chief Executive.

    The simple fact is that Australia must reduce emissions. It should do so at least cost and an emissions trading scheme (ETS) with a floating price provides an effective mechanism to do so.

    Click here to download a copy of the media release
  • 24 Jun 2014 7:10 PM | IGCC Secretariat (Administrator)

    Evidence of international progress on climate change continues to grow and Australia’s Parliament should take account of that progress before voting on carbon pricing, said Nathan Fabian, Chief Executive of the IGCC.

    The United States, China, United Kingdom and European Union have all announced more ambitious climate change initiatives in recent weeks. These announcements build on existing carbon pricing schemes in the EU, China, California and many jurisdictions around the world.

    Click here to download a copy of the media release
  • 16 Apr 2014 4:23 PM | IGCC Secretariat (Administrator)
    For the first time overnight the Intergovernmental Panel on Climate Change (IPCC) produced a detailed chapter on climate finance, finding that by redirecting investment flows from emissions intensive to low carbon sources, global warming could still be limited to 2°C the IGCC said today.

    “Reaching the $1 trillion of low carbon investment needed globally each year to stabilize the climate is definitely achievable,” said Nathan Fabian, Chief Executive of the IGCC.

    Click here to download a copy of the media release
  • 07 Mar 2014 3:52 PM | IGCC Secretariat (Administrator)

    Emissions from Australia’s largest emitting companies fell 7% on average in the first year of the carbon price, IGCC analysis of new government data shows.

    According to new official data from the Clean Energy Regulator, carbon emissions from Australia’s largest 350 corporate emitters fell from 342 million tonnes in 2011-12 to 321 million tonnes of CO2e in2012-13.

    The carbon price applies to around 350 companies with emissions above 25,000 tonnes of emissions per year. Australia’s largest corporate emitters include large electricity generators like AGL Energyand Origin Energy, resources and energy companies like BHP Billiton, Santos, Peabody Energy andWoodside Petroleum and airlines like Qantas.

    Click here to download a copy of the media release
  • 27 Feb 2014 5:46 PM | IGCC Secretariat (Administrator)

    The Investor Group on Climate Change (IGCC) welcomes today’s Climate Change Authority (CCA) report but warns that it signals a future policy shock on climate ambition.

    “In recommending a target range of 40% to 60% reductions by 2030, the CCA is showing the real abatement task facing Australia,” said Nathan Fabian, Chief Executive of the IGCC.

    “Unfortunately the CCA report is also showing that a future climate policy shock is becoming more likely."

    Moving from a 5% reduction by 2020 to a 40% - 60% cut by 2030 would be a significant and costly transition for Australia, especially if international abatement becomes more expensive.

    Click here to download a copy of the media release
  • 21 Jan 2014 1:00 PM | IGCC Secretariat (Administrator)
    This statement by IIGCC, INCR and IGCC follows our 2012 publication, Controlling methane emissions in the oil and gas sector and was made in support of the Climate and Clean Air Coalition (CCAC) Oil and Gas Partnership.

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