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To settle a case, Treasury recognised risks to the value of sovereign bonds from global warming, which a judge warned could be “a huge drain on Commonwealth resources”.
Investors can comment on the settlement until the court approval hearing, scheduled for October 11.
The Commonwealth of Australia will disclose climate risk in sovereign bonds for the first time following the settlement of a world-first class action lawsuit.
Government to state that climate crisis poses systemic risk to bond value after class action brought by student Katta O’Donnell
During a sunny and warm weekend, doors to artist studios around Red Wing were wide open for people to visit and learn about different art mediums and the stories artists