The Australian extractive sector has a critical role to play in delivering the resources needed to deliver a prosperous low carbon economy. As vocal supporters of the Paris Agreement investors have called upon global leaders and governments to strengthen nationally determined contributions to meet the global emissions reduction goal and to do this by 2020. We now call on companies
Unlocking economic opportunities means moving past scare campaigns | Erwin Jackson, Director, Policy, IGCCDownload
This article first appeared in The Guardian 07 May 2019. The current election campaign discussions on climate change fails to address the real challenges that face the nation. The super partisan nature of the debate and the focus on mythical costs of action risks significantly harming our prosperity and resulting in another decade of squandered economic opportunity.
Australian headlines are designed to scare people into not acting on climate change | Erwin Jackson, Director, Policy, IGCCDownload
This article first appeared in The Guardian 21 February 2019. As we head into another cycle of climate change politics beware the economic doomsayers whenever Australia starts to have a serious conversation about addressing climate change headlines appear in newspapers of an economic apocalypse.
On February 15, the Energy Security Board released a Consultation Paper for input on the development of the National Energy Guarantee (NEG). It builds on the high level proposal released in October 2017, setting out a framework to apply an emissions obligation and a reliability obligation to energy retailors.
This article was first published on Renew Economy on 14 December 2017. If the previous decade has seen the climate change space occupied by activists, scientists, denialists and fossil fuel companies, a coordinated push from investors for derisked portfolios, is setting the stage for a very different 2018 and beyond.
This article was first published on Renew Economy on 21 September 2017. Australian institutional investors have a strong appetite for low carbon assets, but policy uncertainty and a lack of scalable deals are major barriers.
This article was first seen in The Guardian, 14 March 2017. Talk to any investor these days about climate and energy policy, and the level of frustration is evident. Current policy paralysis has stalled investment in additional renewable energy generation that is needed to replace ageing infrastructure, with cost implications for all Australians.
Investor briefing: The Taskforce on Climate-related Financial Disclosure (TCFD) | Emma Herd, CEO, IGCCDownload
The Investor Group on Climate Change (IGCC) has been promoting better corporate disclosure on climate change for over a decade. Climate change, and carbon risk, is a foreseeable financial risk. There are now clear international and national policy pathways, with probable market and technological implications and flow through physical risk impacts.
In the next 20 years, at least USD 7.7 trillion is needed for renewable energy and energy efficiency markets to meet the demands of China, India, Japan, and South-East Asia if the world is to reach its target of staying ‘well-below’ the agreed 2°C warming target.
What are the key components of the Agreement? The Paris Agreement finalised on Saturday 12 December in France is the result of more than four years of hard work and relentless diplomacy, and clearly marks a turning point in global climate change policy.
The National Reform Summit held this week was an important opportunity to drive consensus on how to respond to the big issues impacting Australia’s future prosperity. But, while it was whispered on the sidelines, one of the single largest impacts for future economic growth was missing from the final draft statement – climate change.
Investor Group on Climate Change > Opinion | All