Record growth for renewables, funding to address climate risks and more.
A year after its launch, the Australian Climate Transition index – developed by BNP Paribas in collaboration with Climateworks Australia, ISS ESG and Monash University’s Centre for Quantitative Finance and Investment Strategies – outperformed the market by over 7 per cent. BNP Paribas Market Trends.
The International Monetary Fund is developing a fund of up to $50 billion to support nations burdened by debt to address climate risks. Climate Change News.
Renewable energy had another record year of growth according to the IEA, with new climate and energy policies in many countries worldwide driving that growth. Fiona Harvey, The Guardian.
The Australian Energy Market Commission released a report predicting household power bills would continue to fall in coming years, with the closure of major power stations offset by decreasing wholesale and environmental costs as more renewable energy comes online. Alina Eacott for ABC News.
A farming mutual group is raising funds to enable farmers to create a ‘digital twin’ of their properties and measure environmental improvements, opening up new sources of revenue. James Eyers for the Australian Financial Review.