Ultimately Commonwealth statement does not go further than its climate statements in budget and other places. Next step is for Commonwealth to produce more sophisticated and integrated climate risk disclosure providing more quantitative information on sovereign climate change exposure to the economy

In a welcome step Commonwealth in its statement says it will continue to engage with investors on climate issues

Court still to approve terms of the settlement. But it the proposed terms the Commonwealth to publish a statement recognising fiscal impacts for climate change and transition and recognising uncertainty over the impacts (if at all) on Australian Government bonds.

Just like to remember who the main contributors to the problem is ;)

And making the problem infinitely and unmanageably worse

Agree not understanding consequences of risk work an issue (unless this is a coded message to me given my work then def an issue!!) but bigger driver of sovereign divestment is pretty simply a whole bunch of folks doing whatever they can to keep spewing fossil fuels into atmosphere

Agree. The project is how to make these sovereigns more investable/investment resilient in face of inevitable climate damage, not lead a retreat to EU solar farms and tech. Going to take Govts, MDBs, investors and the rest to coordinate in some fashion

This is fair, and I am in part sounding off because we let it get this late and now will pay for it (literally) in the most inefficient and wasteful way. Agree seeing full report is always highly preferably to glimpses, but its being dripped out for a reason (i.e. to soften ground)

This of course is what a disorderly transition looks like. Government's have the levers to try bring some order to what is inevitable. But continuing to put off your homework and fiddling at the margins ain't going to cut it.

The fact our "best" response to potential supply issues in coming years is to use public money to subsidise coal power is embarrassing. No exploration of energy efficiency and demand management options? No harder intervention to assist renewable build?

www.smh.com.au/politics/nsw...