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With climate events increasing in frequency while having macro impacts on the Australian economy, the risk of divestment is increasing in significance, according to the Reserve Bank of Australia.
A Nationals senator has faced criticism, after arguing Australians should be willing to cop higher mortgage costs to support lending to resources and energy companies. Labor senators Penny Wong and
Good morning all.Melbourne's sixth lockdown is set to end. Stay-at-home orders and the nightly curfew will be scrapped from 11.59pm on Thursday,
Disinvestment risk is growing, the RBA says, circling the need for businesses and governments to build their climate credentials.
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Australian Prime Minister Scott Morrison must be wondering which climate criticism to tackle first. Queen Elizabeth II was caught on tape on Thursday calling political leaders uncommitted to attending the COP26 summit in Glasgow “irritating”. Closer to home, Guy Debelle, second-in-command at the Reserve Bank of Australia, warned on the same day of a growing risk that carbon-conscious investors would dump assets in the country.