Latest Global Climate Index shows nearly half of world’s biggest investment funds – some in Australia – failing to protect portfolios from climate change.
KEY ISSUES
Direct Action creating billion-dollar budget black hole
As Coalition defends funding of climate contrarian Lomborg, business lobby warns Direct Action won’t meet targets, and will blow multi-billion dollar hole in budget.
World’s businesses can’t wait for governments to act on climate change
Representatives from companies around the world met in Switzerland to discuss climate targets. Notably, no Australian company was present.
10 things we learned … about Abbott’s contempt for climate
In the Orwellian world of the Abbott government, coal is good, wind is bad; a cut in renewables is not a cut but an increase; and spending 1/4 of its carbon budget on just 15% of its target is not so much a failure as a resounding success and a blueprint for the world to follow.
Abbott blows his carbon budget in first Direct Action auction
Abbott appears to have already blown its carbon budget, selling emissions abatement in first round of auctions at price that would make it impossible to meet even Australia’s modest 5 per cent cut in emissions by 2020.
Time to ‘Do the math’ again: Allowing 2°C global warming is madness
Have we gone mad? 2°C of warming will bring catastrophic and irreversible consequences. We should not take risks with the climate that we would not take with civil infrastructure.
SolarCity gets $1bn from Credit Suisse for commercial solar, storage
SolarCity now has access to financing for more than $1 billion in new commercial-scale solar energy systems, including battery storage systems.
PV, batteries and the smart home: Is the solar industry getting ahead of itself?
Leading solar companies are moving beyond PV and into battery storage and home energy management. Is the mass market ready?
‘Leave it in the ground’: The stark message for coal
Coal, the favourite commodity of Prime Minister Tony Abbott, is having a bad week. A new report says 90 per cent of Australia’s reserves should stay in the ground if climate targets are to be met.
Storm blackouts in NSW will push consumers to battery storage
Up to 200,000 NSW customers facing week-long blackouts will accelerate push to battery storage, particularly for solar households that are also disconnected.