jurisdiction: Australia

Policy & Regulation
January 10, 2023

Australian carbon market set for reform

An independent review into Australia’s carbon trading system urges governance changes to increase transparency and restore confidence in the offsetting scheme. Separation of governance bodies...
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Policy & Regulation
January 9, 2023

Australian regulator issues new greenwashing fine

Black Mountain Energy fined over allegedly false or misleading sustainability statements. Australian oil and gas company Black Mountain Energy has paid a A$39,960 ($27,060) fine...
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Policy & Regulation
December 14, 2022

Australia consults on climate-related financial disclosure regime

While following the lead of New Zealand and the UK in establishing mandatory reporting, Australia is proposing to align with the ISSB, rather than the...
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Policy & Regulation
August 8, 2022

New Australian government makes U-turn on climate policy

Canberra’s lower house has passed a historic bill to cut carbon emissions but this is just the tip of the iceberg of policy negotiations yet...
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Policy & Regulation
July 20, 2022

Investors say Australia’s natural environment is turning into a material financial risk

The Responsible Investment Association Australasia warns state of the ecosystem risks becoming a proxy for that of the economy. The Responsible Investment Association Australasia said...
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Policy & Regulation
May 26, 2022

Regulatory Round-up: ISSB’s digital taxonomy, TNFD’s consultations, delayed timeline for the Integrity Council for the Voluntary Carbon Market

The International Sustainability Standards Board is consulting on how best to make ESG data machine-readable from the start once it publishes its forthcoming sustainability disclosure...
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Policy & Regulation
May 23, 2022

Regulatory Briefing: Australia’s new climate policy

Australia’s election of a Labor prime minister, Anthony Albanese, promises a major shift in its position on ESG matters such as climate change after the departure of the previous government,...
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Policy & Regulation
April 6, 2022

Lack of integrity undermines Australia's carbon markets

Criticism of Australia's carbon offset scheme offers guidance on what not to do, as the integrity of carbon markets is questioned. For Australia to meet its long-term climate targets, the...
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Finance
March 30, 2022

Lessons from climate risk pooling

Countries such as Australia, the US and the UK have developed financing solutions to deal with the aftermath of severe weather events, and are now taking stock of past experience....
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Policy & Regulation
March 29, 2022

Regulatory round-up

The European Securities and Markets Authority has published its Final Report on the EU Carbon Market. This does not find any “major deficiencies” in how the EU carbon market (a...
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Policy & Regulation
March 22, 2022

Regulatory round-up

The US Securities and Exchange Commission’s much-anticipated proposal to impose climate disclosures on listed companies aligns the US better with many other jurisdictions including the EU, the UK, Switzerland and...
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