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Australia s 300 largest public companies will need to deal with climate change as a matter of priority or risk losing institutional investors Jack Derwin Sediment from the agriculture sector flows onto the Barrier Reef hurting the coral. (Jonas Gratzer, LightRocket via Getty Images) Australia s largest companies will be required to be transparent about how they are managing climate change or risk losing institutional support, the Investor Group on Climate Change (IGCC) say. Along with other investor representatives, the group is pushing to have mandatory reporting requirements for the entire ASX 300 within three years, as other nations have already done. The groups say it must be a priority in order to manage investment risks, climate risks and maintain financial stability. ....
As the rest of world tackles plastics disposal, the U.S. resists by Charles Pekow on 17 May 2021 In an expansion of the U.N.’s 1989 Basel Convention, amendments to the international protocol on the shipment of hazardous waste were revised to include plastics in 2021, with nations currently figuring out how to implement the agreement. The United States is the only major nation not to have fully implemented the treaty, despite strong support for it among both the Republican and Democratic parties. The Biden administration could soon change that. The U.S. remains a major dumper of hazardous waste globally, including large amounts of plastics, despite the attempted limitations imposed by the Basel Convention. The potential impacts of plastics and other “novel entities” on human health and ecosystems are largely unknown. ....
Australians are in a position to rescue the local tourism industry, if state borders were to reopen. AMP senior economist Diana Mousina said local tourism spending could compensate for the lack of international visitors in the short term, pending border closures and government incentives. Queensland Premier Annastacia Palaszczuk suggested JobKeeper could be extended for tourism operators, while Mousina indicated travel vouchers could boost demand. The Australian tourism industry might be hurting right now, but it doesn’t need international borders to reopen just yet to begin rebuilding. With international visitors unlikely to truly return for at least another 12 months, domestic travellers are actually equipped to pick up that slack in the meantime, according to AMP senior economist Dianna Mousina. ....