Market: Australia

“Future Made in Australia” Announcement is a Step Towards a Competitive Economy

12 April 2024

The vision outlined by Prime Minister introducing the Future Made in Australia Act (the Act) is a step towards making Australia competitive in a world accelerating the clean energy transition.
AustraliaBuildings & InfrasctructureClimate Solutions & TechCorporate EngagementDecarbonising the EconomyJust TransitionManufacturingPolicy & AdvocacyPolicy & Advocacy Working Group

Submission: Delivering cheap, clean energy for consumers and green industry

Submission | Bethany Richards | 25 March 2024

IGCC welcomes the expansion as it will facilitate investment in new renewables projects, assisting the decarbonisation of households and grid-connected industry. Investment decisions made today will impact the design of a post-2030 electricity system. It is important for the Government to consider:
  • How the merit assessment’s design may favour certain technology types, and how this may impact the future design of the grids.

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AustraliaClimate Solutions & TechDecarbonising the EconomyEnergyEnergy Transition Working GroupPolicy & AdvocacyPolicy & Advocacy Working Group

Submission: Delivering cheap, clean energy for consumers and green industry

25 March 2024

The federal Government's Capacity Investment Scheme will now deliver 32GW of additional renewable energy to Australia's electricity markets. The delivery of this Scheme sets the country up to achieve its 82% renewable energy target by 2030. 
AustraliaDecarbonising the EconomyEnergyEnergy Transition Working GroupPhysical Impacts & ResiliencePolicy & AdvocacyPolicy & Advocacy Working Group

Media Brief: Policy Results From IGCC’s Survey of Institutional Investors

Briefing | Erwin Jackson & Marwa Curran | 25 March 2024

Responses from 63 institutional investors, representing more than A$37 trillion AUM globally and invested on behalf of 15 million beneficiaries in Australia.

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AustraliaClimate Solutions & TechDecarbonising the EconomyEnergyPolicy & AdvocacyPolicy & Advocacy Working Group

New In-Depth Resource: Uses and Limitations of Investee Scope 3 Disclosures for Investors

19 March 2024

Our new resource looks at the state of play in this tricky but important area. It also includes practical steps investors can take now to meaningfully report on investee’s scope 3 emissions.
AustraliaGovernance & DisclosureInvestor Agenda and ICAPsInvestor PracticeInvestor Practice Working GroupNew Zealand

Uses and Limitations of Investee Scope 3 Disclosures for Investors

Guide | Lisa Caripis | 19 March 2024

This resource looks at the state of play in this tricky but important area. It also includes practical steps investors can take now to meaningfully report on investee’s scope 3 emissions.

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AustraliaGovernance & DisclosureInvestor PracticeInvestor Practice Working GroupNet Zero Asset Managers Initiative (NZAM)New ZealandParis-Aligned Asset Owners Initiative (PAAO)

Submission: Draft standard for climate reporting critical for attracting investment capital in Australia

Submission | Amy Quinton | March 1 2024

As major markets move to mandate climate-related financial disclosures, these new requirements will help Australia remain a competitive destination for investment capital.  These reforms are a natural evolution of Australia’s strong corporate governance framework to promote efficient and resilient markets.    IGCC’s Submission to Treasury’s consultation on Exposure Draft standard: 
  • Supports the direction of the legislation as a critical step towards internationally aligned climate-related financial risk disclosure requirements in Australia.

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AustraliaGovernance & DisclosureInvestor PracticeInvestor Practice Working GroupPolicy & AdvocacyPolicy & Advocacy Working Group

Submission: Draft legislation for climate reporting critical for attracting investment capital in Australia

12 March 2024

New draft legislation for reporting on climate-related financial risk and opportunity is a critical step for attracting investment capital in Australia 
AustraliaGovernance & DisclosureInvestor PracticeInvestor Practice Working GroupPolicy & AdvocacyPolicy & Advocacy Working Group