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Tag: Australia
• $2 billion in new sustainable loans issued across EVs, farming, and real estate• Part of NAB’s $80 billion environmental financing goal through FY2030• Surge in SME adoption of green...
Sydney leads with new financing model for renewables Akaysha Energy has secured a A$300 million ($196 million) corporate debt facility to accelerate the rollout of large-scale battery energy storage systems...
Australia’s Clean Energy Finance Corporation (CEFC) has announced a record A$3.5 billion ($2.29 billion) investment in renewable energy and grid infrastructure for the 2024–25 financial year—more than double its funding...
The Australian Competition and Consumer Commission (ACCC) has granted conditional authorisation for the Australian Sustainable Finance Institute (ASFI) and industry participants to collaborate on sustainable finance projects for the next...
Platts, a division of S&P Global Commodity Insights, will launch a daily market assessment for Australian Safeguard Mechanism Credits (SMCs) on May 5, 2025.This new benchmark is designed to improve...
IKEA Australia’s latest FY24 sustainability report confirms significant climate action achievements, demonstrating profitability aligned with environmental stewardship. “We have reduced our operational climate footprint by 89% since FY16, while growing...
Australia and Singapore have strengthened their partnership to accelerate Southeast Asia’s clean energy transition. The Australian Government has committed US$50 million to Singapore’s Financing Asia’s Transition Partnership (FAST-P) initiative, aimed...
The Big Picture Australia’s mandatory climate reporting starts January 1, 2025, following the passage of the Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Bill. Royal Assent is expected...
Australia has issued its inaugural $7 billion green bond, signaling a significant advancement in the country’s sustainable finance market. This bond, aimed at financing projects that support climate change mitigation...
Executive Summary: Australia’s government is spearheading major sustainable finance reforms to transition to a net-zero economy. These initiatives include mandatory climate-related financial disclosures, the development of a sustainable finance taxonomy,...
Australia is igniting a clean energy revolution, determined to become a global leader in the renewable energy sector. This ambitious transition promises a brighter future, not just for the environment,...
The World Bank (International Bank for Reconstruction and Development, IBRD rated Aaa/AAA) has priced its first benchmark of 2024 – an Australian dollar 2 billion 5-year bond due January 10,...
The ACCC has published eight principles to help businesses ensure any environmental marketing and advertising claims they make about their products or services are clear and accurate, and do not...
Australia has green-lit plans to build a A$51 million ($34 million) renewable hydrogen plant in Victoria state, Energy Minister Chris Bowen said on Saturday, as the country moves to cut...
Transgrid has released a comprehensive energy roadmap revealing the unprecedented challenges and the A$16.5 billion (US$11 billion) investment required to keep the lights on and achieve NSW’s rapid transformation to...
Australia will invest A$2 billion ($1.4 billion) to scale up development of its renewable hydrogen industry, the government announced in its annual budget on Tuesday, as it looks to accelerate...
Origin Energy Limited (Origin) has taken a final investment decision on the first stage of a large-scale battery at the Eraring Power Station, committing to an investment of approximately $600...
Australia said on Wednesday it would introduce new standards targeting vehicle emissions to boost the uptake of electric cars, as it looks to catch up with other developed economies. Just...
BHP and global engineering, project management and professional services firm, Hatch, have signed an agreement to design an electric smelting furnace pilot (ESF) plant in support of a decision to...
The African Development Bank, rated Aaa/AAA/AAA/AAA (Moody’s/S&P/Fitch/Japan Credit Rating, all stable) has successfully launched an AUD 50 million 15-year Kangaroo Green Bond due March 2038. The new issuance was arranged...
Ingka Group, the owner of most IKEA stores globally, will take a 15% stake in a A$2 billion ($1.4 billion) wind farm in its first renewable-energy investment in Australia as...
Australia’s Labor government proposed on Tuesday to make the country’s biggest polluters slash emissions by 30% over the next seven years, with some leeway for trade-exposed industries, such as aluminium...
Australians are leading in the global push to see more ESG options in their retirement plans. According to the just-released 2022 MFS Global Defined Contribution Survey, more than 80 per cent of...
Australia proposed on Friday to tighten gasoline quality requirements by 2025 in line with most rich countries, while offering more aid to its two refiners, Ampol Ltd and Viva Energy, to...
Nestlé will announce at the COP27 Biodiversity Day that it aims to plant 10 million trees in Australia by 2025 in partnership with Greening Australia, Canopy and One Tree Planted....
The Labor government of Australia’s Victoria state said on Thursday it would raise its renewable energy targets and proposed government ownership of future power generation if it wins local elections...
The deal will facilitate trade and investment in green goods and services Builds on existing cooperation to take action on climate change and strengthen trade and investment in clean energy...
The 317 MW total capacity project combines a 210 MW wind farm and a 107 MW photovoltaic plant. Plant will generate enough clean energy to power 180,000 homes Project will...
Citigroup Inc. is creating dedicated coverage teams to advise Australian companies on the energy transition, as well as other environmental, social and governance issues. “There’s a lot of opportunity even in...
Atlassian co-founder Mike Cannon-Brookes was named chairman of Sun Cable, a clean energy start-up Sun Cable plans to supply solar power from Australia to Singapore via world’s longest subsea high...
Australia’s Victoria state said on Tuesday it would invest $102 million to boost battery energy storage, as it pushes to source half its electricity from wind and solar energy by...
Groundbreaking biodiversity target in the agreement is unique in Australia Cairns is the only place in the world where two natural UNESCO World Heritage-listed sites sit side-by-side: the Daintree Rainforest and...
US$6.2 billion capital investment will eliminate 3 million metric tons of CO2 equivalent emissions per year Operating cost savings of US$818 per year Payback of capital by 2034 Fortescue Metals...
Chevron Corporation, through its affiliate Chevron Australia Pty Ltd, is part of three joint ventures that have been granted an interest in three greenhouse gas assessment permits offshore Australia. The...
43% reduction target by 2030 is 50% more aggressive than the previous administration’s Government financing agencies will be required to consider emissions targets in funding decisions “Enshrining a policy in...
Image: Iberdrola Tower, Bilbao. Source: Iberdrola Iberdrola Chairman Galán met with Victoria’s Premier Andrews and Minister D’Ambrosio of Energy, Environment, Climate Action and Solar Homes. Company currently has a portfolio...
Origin Energy Limited has released its first Climate Transition Action Plan outlining the company’s strategy and ambition to lead the energy transition through cleaner energy and customer solutions. The CTAP...
The Australian government will seek to introduce vehicle fuel efficiency standards to help increase the supply of electric cars, improve affordability for motorists and drive down emissions, the government said...
New initiatives will help advance renewable energy use, increase coding pathways, and support Indigenous communities To mark Apple’s 40 years in Australia, the company announced new initiatives that will help...
NGS Super Pty Ltd as Trustee of NGS Super has taken a large step in its journey to a carbon-neutral portfolio by 2030, with the recent divestment of the following companies...
Fashion-savvy consumers are becoming increasingly environmentally conscious, forcing Australian brands to produce clothes with a lighter environmental footprint. Key points: Environmentally conscious consumers are driving fashion brands to focus more...
A host of major Australian corporates have converted their borrowing facilities into sustainability linked loans (SLLs) in the past six months in a sign of exponential growth in green financing....
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