Coal and gas to stay cheap, but renewables still win race on costs | Bloomberg
May marks one more record hot month for the world | The Guardian
The Importance of Looking Forward to Manage Risks | Zenghelis and Stern
Companies that fail to plan for business scenarios in a low-carbon economy risk decline or even bankruptcy, according to a submission to the Task Force on Climate-Related Financial Disclosures published today (PDF) (6 June 2016) by the Grantham Research Institute on Climate Change and the Environment and the ESRC Centre for Climate Change Economics and Policy at London School of Economics and Political Science.
AEMO hints at role of battery storage as big solar, wind farms added to grid | Renew Economy
A new report by the Australian Energy Market Operator has hinted at some of the major changes facing the nation’s electricity networks – including the need to install grid-scale battery storage to alleviate grid congestion – as they evolve to incorporate more and more large-scale solar and wind generation.
ASX Corporate Governance Council | KPMG
Disclosures against the nine new recommendations in the 3rd edition of the ASX Corporate Governance Council’s Corporate Governance Principles and Recommendations have been examined in a new KPMG report. While there was a high level of adoption and acceptance of the new recommendations, ranging from disclosure of a board skills matrix to directors’ induction programs to the company secretary reporting line, the report shows that disclosures on board skills and sustainability risks have considerable room for improvement.
Download the full report here.
To read the full Governance Institute introduction and analysis, please click here .
Bankruptcy looms for companies failing to carry out climate change 'stress tests' | Edie.net
A new COP on the Beat | Minter Ellison
Sarah Barker (Special Counsel, Melbourne) and Maged Girgis (Partner, Sydney) examine international developments that are raising the bar on corporate governance, and disclosure of, risks and opportunities associated with climate change.
Background – economic and regulatory evolution
You may have noticed a subtle change in the emphasis of your morning coffee read. The financial press has begun to devote serious column space to the issue of 'climate change'. So why this mainstream interest on what was, historically, an issue consigned to the 'environmental fringe'? In short, leading market stakeholders have begun to recognise that issues associated with climate change present significant economic and financial risks (and opportunities) over both long- and shorterterm investment horizons, which cannot be ignored.
A cost curve for greenhouse gas reduction | McKinsey and Company
Insurers urged to do more on climate change disaster preparation | Insurance & Risk Professional
'Delusional': NSW intergenerational report banks on rising coal output and royalties to 2056 | SMH
There goes the neighbourhood | The Climate Institute
Who Wants to Be a Billionaire? | Huffington Post
Get out your magnifying glass to see the tiny percentage of charitable donations allocated each year to the environment. That’s right: 3%, including animal welfare, parks, zoos, and gardens. But a growing number of very very rich people are disrupting usual philanthropic patterns to tackle climate change—strategically and specifically.
Hunt plays the long game on his glaringly obvious emissions trading scheme | Lenore Taylor
CalPERS' Climate Risk Reporting Proposal Overwhelmingly Passes at Glencore Plc | CalPERS
May 19, 2016 Contact: Joe DeAnda, Information Officer, newsroom@calpers.ca.gov
The California Public Employees' Retirement System's (CalPERS) climate risk reporting shareowner resolution, Resolution #16, overwhelmingly passed at the annual shareowner meeting of Glencore Plc. The resolution, which was supported by company management, requires the global commodity trading and mining company to report on environmental risks and opportunities associated with climate change.