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...