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See below for other IGCC initiatives


Investor Groups to join world leaders at UN Climate Summit to launch Global Investor Statement, Leadership Report and Low Carbon Registry 

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See here for media release




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Supplementary Letter: Review of the Renewable Energy Target

See Review of the Renewable Energy Target Letter






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MEDIA RELEASE

Tuesday 30th September 2014

The savings of more than 10 million Australians are invested in a clean energy future – why undermine the RET?

The Investor Group on Climate Change (IGCC) today published an open letter to the Prime Minister on the Renewable Energy Target (RET). The letter urges the Federal Government to keep Australia an attractive investment destination by maintaining its previous support for the RET. The letter can be viewed today in national newspapers and at www.igcc.org.au.

“Institutions invested hundreds of millions of dollars in renewable energy projects on the basis of bipartisan support for the RET,” Mr. Nathan Fabian, Chief Executive of the IGCC, said.

“If the RET is cut, many of these job creating investments, made on behalf of more than ten million Australians, will be at risk of financial losses.”


MEDIA RELEASE

Thursday 18th September 2014

World’s leading institutional investors managing $24 trillion call for carbon pricing, ambitious global climate deal

BlackRock, CalPERS, PensionDanmark, Deutsche, South African GEPF, Australian CFSGAM, Cathay Financial Holdings among 347 investors urging heads of state to take strong action
on climate change

NEW YORK CITY – Days before UN Secretary-General Ban Ki-moon convenes the Climate Summit at the United Nations to spur climate action and facilitate a global climate agreement in 2015, nearly 350 global institutional investors representing over $24 trillion in assets have called on government leaders to provide stable, reliable and economically meaningful carbon pricing that helps redirect investment commensurate with the scale of the climate change challenge, as well as develop plans to phase out subsidies for fossil fuels.


MEDIA RELEASE

Monday 18th August 2014

Any cut to the RET would risk pension losses and harm low carbon investment in Australia

Any change to the Renewable Energy Target (RET) would put billions of dollars of renewable energy investment at risk and reduce the superannuation returns of millions of Australians, said the Investor Group on Climate Change (IGCC). IGCC was responding to conflicting media reports today about the Government’s position on the RET.

“The prospect of the Government weakening the RET continues to stun investors because investments were made with the expectation of continued bi-partisan support for the policy,” said Nathan Fabian, IGCC Chief Executive.

“Renewable energy investments with long-term horizons of over twenty years were undertaken on the basis that the RET was here to stay,” Mr. Fabian said.


MEDIA RELEASE

Thursday 17th July 2014

Loss of carbon price a blow to the Australian economy

Today’s repeal of the carbon price is a blow to Australia's investment environment and the country’s economic prospects, said the Investor Group on Climate Change.

The repeal introduces a new phase of uncertainty for investors, with no central emissions reduction framework in place. The policy vacuum created by the carbon price repeal cannot be filled by a government subsidy based abatement scheme as is proposed by the Federal Government.

"Without a carbon price and a cap on emissions, companies may mis-price emissions risks and invest too much in emissions intensive activities,” said Nathan Fabian, IGCC Chief Executive.

Click here to download a copy of the media release


MEDIA RELEASE

Friday 27th June 2014

Palmer right on climate change, but ETS is needed now

Emissions trading is an appropriate policy for Australia and all efforts must be made to ensure that Australia’s underlying carbon pricing framework is maintained, said the Investor Group on Climate Change today.

Removing Australia’s low cost emissions trading scheme would harm Australia’s economic prospects, said Nathan Fabian, IGCC Chief Executive.

The simple fact is that Australia must reduce emissions. It should do so at least cost and an emissions trading scheme (ETS) with a floating price provides an effective mechanism to do so.

Click here to download a copy of the media release



Read More News Posts

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Climate Business Forum 2014

Dates: 28 - 29 October 2014
Location: Four Seasons Hotel, Hong Kong

Event Information & Program


recent events

Climate Summit 2014 - Catalyzing Action

Dates: 23 September 2014
Location: UN Headquarters, New York

Event Information & Program


Clean Energy Week

Dates: 22 - 25 July 2014
Location: Doltone House & Sydney Showgrounds

Event Information & Program


The Policy and Finance Conference

Dates: 22 - 23 July 2014
Location: Doltone House in the Sydney CBD

Event Information & Program


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For more information please contact:

The IGCC Secretariat
PO Box H26
Australia Square NSW 1215
Tel: +61 2 9255 0290
Email: secretariat@igcc.org.au



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