- Date Added:4-Jan-2013
Investment climate changes
Carbon economy editor
GETTING companies and superannuation funds to reveal their performance on key environmental metrics such as fossil fuel reserves or carbon dioxide emissions can be an uphill battle.
The Asset Owners Disclosure Project last month released what it claimed to be the first global investment index showing how investors were managing climate change risks. The index relied heavily on public information for the 300-plus investors assessed, with just 17 investors responding directly.
Enter Bloomberg, the global financial news and data giant owned by New York Mayor Michael Bloomberg. The company is stepping up the integration of environmental, social and governance (ESG) information it provides to more than 315,000 subscribers around the world.
Mr Bloomberg's calls for greater US urgency to tackle climate change in the wake of hurricane Sandy's destruction in October were hardly his first foray into this field. The 10th-richest American (and world's 20th, according to Forbes) donated $US50 million in 2011 to help force the closure of a third of US coal-fired power plants by 2020.
As a company, Bloomberg has assembled ESG data on more than a quarter of the 20,000 companies that comprise the ''general investable universe'', said Curtis Ravenel, global head of the company's sustainability group. About half of the ASX100 top companies made the list, he said.
''Given our position in the market, we can probably accelerate disclosure more than most,'' Mr Ravenel said in a recent interview.
While the drive is ''a bit mission-oriented'', Mr Ravenel said investment interest was also growing: ''There are investors, hedge funds and the like who really think that when you integrate ESG information, there's alpha opportunity.
''Some people think it's a good tool for managing a company's risk. Some think it's a proxy for good management overall.''
Local Government Super is one Australian fund to back the greater use of ESG measures. Its own investment stance earned it one of just two ''triple A'' ratings granted globally by the Asset Owners Disclosure Project.
''Certainly the sustainable overlay has added to our performance,'' said Peter Lambert, chief executive of the fund. To the end of November, its Sustainable Australian Shares fund had returned about 11 per cent since inception last February, Mr Lambert said. That compared with 8.7 per cent for the benchmark ASX200 over the same period.
- Date Added:21-Dec-2012
The New Zealand Climate Change Conference 2013
The Convention Centre, Palmerston North, New Zealand is the venue for this two day conference (4-5 June 2013) where renowned researchers from across New Zealand will gather to showcase the latest climate change research thinking and outputs.
Climate change research underpins or touches on many aspects of society. The invited plenary speakers and the research papers we expect to be presented at this conference will provide an excellent overview of New Zealand knowledge. The conference will also provide a platform for discussion of knowledge gaps and of needs for further work, and will be an opportunity for building new relationships between researchers, across organisations, and with end-users.
Our conference theme and sub-themes will provide the opportunity to consider challenges the research and end users communities face when dealing with climate change. The New Zealand Climate Change Centre (NZCCC) and the conference committee invites interested attendees to submit an abstract for a presentation or poster on recently completed or in-train research under the following four themes:
- The Physical Science
- Impacts Adaptation & Vulnerability
- Integration & Cross-cutting Issues
Keynote speakers and panel discussions will help drive forward the conference narrative. Beyond the formal conference programme, ample time will be available for casual discussions.
Whilst the conference will primarily appeal to New Zealand’s broad climate change research community it will also appeal to industry, government and members of the public interested in the latest climate change research.
In summary, the conference will:
- Provide a platform for researchers from across New Zealand and overseas to present climate change-related research
- Raise awareness of recently completed, current and future work programmes
- Explore and encourage research that is conducted across multiple disciplines
- Improve collegial relationships in a formal and informal conference setting
- Identify ‘who does what’ in New Zealand’s climate change community
- Encourage student participation and increase their exposure to professional New Zealand-based colleagues and organisations
- Help consider gaps in New Zealand’s climate change research and explore future opportunities for New Zealand’s climate change researchers.
Conference registration and abstract submission will open in February 2013.
Further information will be posted on this website as it becomes available.
We look forward to welcoming you to Palmerston North for The New Zealand Climate Change Conference 2013. A climate change conference for climate change researchers and practitioners.
Director NZCCC & Conference Convenor
Why attend NZCCC Conference 2013?
- Great Speakers: A mix of New Zealand and overseas experts
- Interesting People: Expand your horizons by connecting with people beyond your core discipline.
- Cutting-Edge Information: Latest modelling and climate scenarios combined with social research techniques.
- Interaction: Pick up that unanswered question over lunch or a wine
- Satisfaction: Present your research, question others research and discover new relationships.
The New Zealand Climate Change Centre
The NZCCC is a joint initiative by all of New Zealand’s Crown Research Institutes, Massey University, the University of Canterbury and Victoria University of Wellington.
Copyright nzcccconference.org |
- Date Added:14-Dec-2012
Interactive ETS Map
The International Carbon Action Partnership (ICAP) and Ecofys have launched a new Interactive ETS Map. This online tool compiles up-to-date information on the status and
design of emissions trading schemes around the world and will be updated on continuous basis as new information becomes available. The map currently covers 29 jurisdictions, including 8 with an ETS in force, 9 where implementation of an ETS is scheduled and 12 where an ETS is under consideration. It provides concise information on key ETS design elements of these schemes, which can also be downloaded as detailed ETS profiles, and allows to compare up to three different ETS regarding their design features. The Interactive ETS Map was designed and developed in close cooperation with Ecofys, which also played an important role in collecting much of the underlying data on ETS. The project was made possible by the Dutch Ministry of Infrastructure and the Environment.
- Date Added:28-November-2012
Professional Certificate in Strategic Climate Change Adaptation
20th - 23rd May 2013, London, UK
The International Centre for Parliamentary Studies is proud to announce that the Professional Certificate in Strategic Climate Change Adaptation will be taking place from 20th - 23rd May 2013.Until 1st March 2013, an early registration rate is available. Please see below for further information.
With more than one billion people lacking access to food, electricity or safe drinking water, and the world's diverse ecosystems in decline, it is widely accepted that climate change and a lack of sustainability can only exacerbate these issues.
As climate change advances, it is important to develop resilience and adapt society to its effects, requiring multidisciplinary skills and an ability to integrate multiple sectors into strategic plans.The International Centre for Parliamentary Studies is therefore proud to announce the Professional Certificate in Strategic Climate Change Adaptation.
This programme equips participants with successful techniques to integrate environmental and sustainability concerns into strategic planning, develop efficient environmental regulatory regimes, and effectively respond to disasters. The course is accredited by the Chartered Management Institute, the leading body that awards internationally recognised management and leadership qualifications.
For further information, please visit the website.
Until 1st March 2013, there is an early registration rate of £2450(registration after 1st March is £2950). If you wish to attend, pleaseregister online or contact us on +44 (0) 20 3137 8640 in order to ensure your delegate place(s).
Do feel free to circulate this information to relevant colleagues within your organisation or jurisdiction.
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Link to final report of the Foresight project: Reducing Risks of Future Disasters: Priorities for Decision MakersDate Added:28-November-2012
In my capacity as the UK Chief Scientific Adviser and Head of the Government Office for Science, I am pleased to inform you that the final report of the Foresight project: "Reducing Risks of Future Disasters: Priorities for Decision Makers", has been published on the Foresight website, and can be accessed through the below link:
This Foresight Project has considered disasters resulting from natural hazards in developing countries. The aim has been to provide advice to decision makers on the difficult choices and priorities for investing in disaster risk reduction (DRR), so that the diverse impacts of future disasters can be effectively reduced, both around the time of the events and in the longer term.
Reports and publications
Access the full report and all supporting evidence and documentation using the links below.
- Reducing risk of future disasters: full report (PDF, 2.9 Mb)
- Reducing risk of future disasters: executive summary (PDF, 3.0 Mb)
- Anticipation of geophysical hazards (PDF, 735 Kb)
- Prediction of hydro-meteorological, meteorological and climatological hazards (PDF, 607 Kb)
- Prediction for biological hazards (PDF, 339 Kb)
- State of the art in risk mapping (PDF, 637 Kb)
- The challenges for climate change and exposure growth for disaster risk management (PDF, 925 Kb)
- Data sharing (PDF, 455 Kb)
- Measuring the human and economic impact of disasters (PDF, 1.0 Mb)
- Mechanisms for financing the costs of disasters (PDF, 573 Kb)
- Risk management and coping mechanisms in developing countries (PDF, 338 Kb)
- Infrastructure and resilience (PDF, 523 Kb)
- Indirect economic impacts from disasters (PDF, 539 Kb)
- The mental health impacts of disasters (PDF, 498 Kb)
- Disaster vulnerability and resilience theory modelling and prospective (PDF, 770 Kb)
- Institutions and disaster outcomes (PDF, 3.4 Mb)
- Date Added:22-11-2012
Quantifying the cost of climate change impacts on local government assets
Media type: Reports Author/s: JM BalstonJ KellettG WellsS LiA GrayI Iankov Institution/s: Local Government Association of South Australia State: South Australia Year: 2012
(Web Resolution) Final Report: Quantifying the cost of climate change impacts on local government assests (0) - 13.93 MB (High Resolution) Final Report: Quantifying the cost of climate change impacts on local government assests (0) - 41.18 MB
This final report addresses development of tools that allow Local Governments to translate climate change impacts on assets into strategic and operational financial and asset management plans. This reserach was funded through the Australian Research Grants Program (ARGP).
Australia’s 560 Councils are responsible for the management of a range of assets valued at approximately $212 billion, many of which have a life span greater than 50 years and so will be affected by climate change.
Currently, maintenance and replacement of hard infrastructure by Local Government is guided by the principles, models and tools provided in the International Infrastructure Management Manual (IIMM), developed by the Institute of Public Works and Engineering Australia (IPWEA) in conjunction with Councils, engineers and manufacturers of various components and materials. Currently these tools do not allow for the incorporation of climate change impacts or calculate the likely flow-on effects to asset and financial management and so Councils are limited in their capacity to estimate these changes.
On the basis of an extensive literature review and rigorous methodology developed in collaboration with the Local Government Association (LGA) South Australia (SA), IPWEA, University of South Australia (UniSA), Bureau of Meteorology (BOM), Coast Protection Board of South Australia, Municipal Association Victoria (MAV), Western Australian LGA (WALGA), and ten collaborating Councils, this National Climate Change Adaptation Research Facility (NCCARF) Settlements and Infrastructure funded research project has developed a financial simulation model and supporting decision tools to provide a clear, comparative analysis of the financial impacts of climate change on three major asset classes of importance to Australian Local Government – sealed roads (hotmix and spray sealed) and unsealed roads.
The integrated financial modelling includes options pricing and uncertainty analysis to deal with the highly variable nature of data inputs that describe the not-static components of climate change scenarios and impacts on the useful life of roads, and economic and price fluctuations. The model will provide Local Government with the capacity to regularly update the cost analysis and outputs have been designed to interface with the existing tools developed to support the International Infrastructure Management Manual (IIMM) to create a simple user friendly front-end that can be used by Local Government.
View the project page here>>
- Date Added:22-11-12
World Bank Lending Doubles on Adaptation
Almost $4.6 billion of the World Bank 2012 lending, or twice the 2011 amount, is expected to contribute to adaptation and over $7.1 billion to mitigation. Developing countries want the World Bank to work with them on climate change. Our approach is changing rapidly to keep up with demand on climate financing.
The International Development Association (IDA), the World Bank’s fund for the poorest, saw an impressive growth in climate-related financing. In the 16th Replenishment cycle, climate change is one of its special themes (pdf). Adaptation support in IDA grew to $2.3 billion in 2012 (up 61% from 2011) and to $2.3 billion for mitigation (up 161% from 2011). Over the same period, lending of the International Bank for Reconstruction and Development (IBRD) that contributes to adaptation saw a major increase, rising 158% from 2011 to $2.2 billion, while the share of mitigation financing in IBRD lending remained the same as in 2011 (23%).
There is incredible momentum on the ground, where countries all around the world are implementing climate-resilient and low-emissions development solutions. Responding to this, in 2012, 40% of World Bank lending projects (nearly doubling over the share in 2011) is expected to contribute to climate change adaptation, mitigation or both. Over 2011 and 2012, close to 200 projects could help address climate change.
Two sectors comprise the bulk of support on adaption in 2012– Water, Sanitation and Flood Protection, as well as Agriculture, Fishing and Forestry. With respectively $1.33 billion and $1.32 billion, they account for nearly 60% of adaptation support in 2012. These funds are used in projects that help integrate climate resilience with disaster risk reduction, help cities cope with climate change, or foster social resilience and community driven development.
At $3.22 billion, clean energy continues to account for the largest share of mitigation support in 2012. Energy and Mining is the sector with the largest share of own commitments that contribute to mitigation, and this share is increasing (79% in 2012 up from 71% in 2011).
To scale up resources for climate action, the World Bank is also demonstrating innovative ways to mobilize and leverage finance and markets. Climate finance plays a key role here, providing resources to address risks and build readiness. The World Bank has successfully facilitated access to a menu of climate finance instruments, as seen by growing commitments to projects from the Global Environment Facility as well as the Climate Investment Funds (CIF). In 2012, resources from the CIF for Bank-implemented projects have tripled to $107 million for adaptation and grown ten-fold for mitigation (at $559 million). Readiness support for market instruments (through the Forest Carbon Partnership Facilityand the Partnership for Market Readiness) is also increasing, reflecting interests by countries for performance-based solutions for mitigation
Climate-related lending in projects implemented by the World Bank (US$ millions)
Note: As the same activity can provide both adaptation and mitigation co-benefits, the financing for adaptation and mitigation should not be added together to prevent double counting. Years are fiscal years, which cover the twelve month period from July 1st to June 30 of the following year. For example, Fiscal Year 2011 goes from July 1, 2010 to June 30, 2011.
- IBRD: International Bank for Reconstruction and Development, IDA: International Development Association
- GEF: Global Environment Facility, LDCF: Least Developed Countries Fund, SCCF: Special Climate Change Fund
- CIF: Climate Investment Funds
- includes net payments for emission reductions and readiness grants under the Forest Carbon Partnership Facility and the Partnership for Market Readiness
- includes Special Financing and large (>$5 million) Recipient-Executed activities (excluding CIF projects)
Regional breakdown (pdf) of climate-related lending in projects implemented by the World Bank.
- Date Added:22-Nov-2012
- a Coastal Zone Management (Australia) Pty Ltd, PO BOX 436, Claremont WA 6010, Australia
- b Surf Life Saving Australia, Locked Bag 1010, Rosebery NSW 2018, Australia
The coastal zone of Australia is likely to experience significant impacts as a result of climate change in the course of this century, even if the efforts expected from the international community to stabilise atmospheric greenhouse gas concentrations eventuate. Importantly, without future reductions in the emissions of greenhouse gases, impacts will increase. The impacts of climate change may include a heightening of weather event intensity and sea level rise, which in combination could have far reaching effects for coastal recreation, beach safety service provision and surf lifesaving facilities and services. In this respect, the potential impacts of climate change represent a significant challenge for Surf Life Saving Australia (SLSA). Recognising the importance of this issue, SLSA undertook to develop a plan for adaptive action. This paper presents the outcomes of the resultant Climate Change Adaptation Road Map for SLSA. The Road Map represents an important for step for SLSA in their adaptive journey.
Abstract This study examines the state of local practice in planning for climate change adaptation in coastal Australia, in the context of rapidly evolving policy frameworks, using grounded theory to examine the process communities follow as they undertakDate Added:22-Nov-2012
Climate change adaptation in coastal Australia: an audit of planning practice
- a University of Sydney
- b University of Canberra
- c University of Massachusetts, Amherst
This study examines the state of local practice in planning for climate change adaptation in coastal Australia, in the context of rapidly evolving policy frameworks, using grounded theory to examine the process communities follow as they undertake adaptation planning. Australia’s coastal cities and towns, with over 85 per cent of the nation’s population, are at the frontline of physical risks associated with sea level rise and changed weather patterns; exacerbated by ongoing concentration of public and private assets in potentially vulnerable locations. This is particularly so for coastal councils beyond the major capital cities, where settlement patterns and lifestyle oriented economies based on tourism and leisure focus on the coastal strip, and local government resources are highly constrained. To assess progress in climate change adaptation planning, this study involved local government professionals, experts and elected officials through a survey and focus groups (n = 49) held between February and July 2011. The audit indicates some areas are well underway towards holistic adaptation strategies but, others have neither engaged, nor anticipate, adaptation planning activities; of the strategies that have commenced, few are yet completed; and, despite ongoing development pressure, few councils have yet changed their planning controls for climate risk. Of those areas that have commenced adaptation planning, most strategies and commitments will require additional resourcing and external expertise to implement; while others face community skepticism and “pushback” which may undermine future progress. The results reveal a ladder of adaptation action, whereby communities tend to have to accomplish early steps before they move on to more complex, expensive, or political policies. We connect this ladder to community perceptions of what is supported in state and national frameworks and legislation. Communities in the future may be able to use this ladder to suggest where to start their processes, and directions to undertake as they accomplish their first tasks.
- Date Added:13-11-12
The Victorian Coalition Government’s Environmental Partnerships outlines the priorities for Victoria's environment. The document is a pathway for action by government, communities and businesses in Victoria to maintain a healthy environment.
Environmental Partnerships is built on three aspirations:
- Value the environment and what it has to offer.
- Act to protect, conserve and maintain the environment.
- Enjoy the wide range of benefits of a healthy environment now and into the future.
The Victorian Government has identified eight priorities which will help achieve these aspirations:
- Maintain healthy biodiversity and productive landscapes from catchment to coast.
- Manage our valuable parks, forests and other public land for the benefit of the community.
- Manage risks to our communities and landscape from bushfire and floods.
- Reduce pollution and improve waste management.
- Be smarter with energy and water and prepare for the potential impacts of climate change.
- Support practical local action.
- Drive best practice environmental regulation and innovative market approaches.
- Ensure accountable and efficient environment agencies.
An outline of these priorities is provided in the Environmental Partnerships Overview [PDF File - 639.8 KB]
Environmental Partnerships Overview (Accessible) [MS Word Document - 92.5 KB]
The full text Environmental Partnerships document details the Victorian Government’s approach to maintaining, protecting and conserving the environment, reiterates the significant achievements already made and sets a clear direction for future action. The document can be downloaded from the links below:
Getting the job done
The Victorian Government will continue to get on with practical strategies to improve the environment for all Victorians. The Hon. Ryan Smith MP is regularly announcing new initiatives. Major policy documents released in recent weeks include:
- Draft Victorian Waste and Resource Recovery Policy
- A Cleaner Yarra River and Port Phillip Bay Action Plan
- Future directions for native vegetation in Victoria: Review of Victoria's native vegetation permitted clearing regulation - consultation paper.
The Minister has also unveiled plans for tough new laws against litter and noise pollution and a reduction in costs and red tape for business.
These significant policy documents are the most recent examples of how the Victorian Government will deliver on priorities in Environmental Partnerships. These initiatives will be about working smarter with what we’ve got and focusing efforts to get practical on-ground environmental outcomes.
To make a real difference it is important that all Victorians work together and actively participate in the care of our environment. There are many ways in which you can take local practical action.
Landcare is a community-based movement that supports a healthy environment and a sustainable future. Coastcare supports community volunteer groups working to protect and enhance Victoria's coastline, and the many “Friends of” groups focus their volunteer efforts on a particular park, conservation area or native flora and fauna species.
Landholders have the opportunity to look after native vegetation and take advantage of market-based incentives such as EcoMarkets. There are also many day-to-day opportunities to reduce our impact on the environment such as making Smarter Choiceswhen purchasing appliances or helping your local school become a Resource Smart School. For more opportunities to get involved please visit Victoria's Volunteering Portal.
You can keep informed about topics such as catchment management, coasts and alpine resorts by visiting the websites of the relevant advisory bodies. Alternatively you can visit the DSE website for more information on climate change, water, waste management and biodiversity.
The Department of Primary Industries web page provides additional information on energy efficiency.
Staying in contact
You can contact the Victorian Government’s Environmental Partnerships team by emailing: firstname.lastname@example.org
By working together we can protect and maintain the things we value and ensure that all Victorians can enjoy what the environment has to offer, now and in the future.