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  • 09 Dec 2014 10:00 PM | IGCC Secretariat (Administrator)
    As climate negotiations continue, investors raise questions for boards of oil and gas companies around the world

    As countries gather in Lima to build momentum towards an international climate deal, the global investor community has today published a guide outlining expectations for fossil fuel companies on growing carbon asset risks as they prepare to step up their engagement with the industry in the coming year.

    Seeking to safeguard their investments from uncertain fossil fuel demand, emerging technologies and policy interventions, investors are concerned that current business strategies being pursued by some oil and gas companies may not be sufficiently sustainable.


  • 14 Nov 2014 11:52 AM | IGCC Secretariat (Administrator)

    Given the climate policy announcements by China and United States this week, Australia's minus 5% emissions reduction target by 2020 is now a redundant investment signal for market participants in Australia, the Investor Group on Climate Change (IGCC) said today.

    “Investors will expect to see company emissions reduction plans capable of achieving carbon competitiveness in line with trends in international markets,” said Mr. Nathan Fabian, Chief Executive of the IGCC.

    “If American, European and Chinese companies are all reducing their emissions, investors will expectAustralian companies to do the same.”


  • 12 Nov 2014 5:11 PM | IGCC Secretariat (Administrator)

    The Investor Group on Climate Change (IGCC) today expressed deep disappointment that negotiations on the Renewable Energy Target (RET) have broken down.

    “We encourage the Government to seek to restart and resolve negotiations with proposals that support past and future renewable energy investments in Australia, ” Mr. Nathan Fabian, Chief Executive of the IGCC, said.

    “The proposal to cut the Large Scale RET from 41,000GWh to around 27,000GWh by 2020 fails to account for the negative impact this proposal has on renewable energy investments already made by institutional investors.


  • 31 Oct 2014 3:52 PM | IGCC Secretariat (Administrator)

    Despite passage of the Emissions Reduction Fund (ERF) early this morning, Australia still lacks an emissions reduction framework that will deliver deep cuts over the long term at relatively low cost.

    “Given the Government’s stated objective of reducing emissions in Australia, investors need to know what the future emissions reduction obligations of companies and infrastructure assets will be,” said Nathan Fabian, IGCC Chief Executive.

    “Deep emissions cuts will be needed beyond 2020 and given the long life of many investments, the lack of obligations for all emitters under the ERF is a perverse investment signal to the market.”


  • 30 Sep 2014 8:19 AM | IGCC Secretariat (Administrator)
    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.”


  • 18 Sep 2014 9:20 PM | IGCC Secretariat (Administrator)
    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.
  • 18 Aug 2014 3:04 PM | IGCC Secretariat (Administrator)

    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.

  • 17 Jul 2014 1:40 PM | Andrew Cox (Administrator)

    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.

  • 27 Jun 2014 1:03 PM | IGCC Secretariat (Administrator)

    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
  • 24 Jun 2014 7:10 PM | IGCC Secretariat (Administrator)

    Evidence of international progress on climate change continues to grow and Australia’s Parliament should take account of that progress before voting on carbon pricing, said Nathan Fabian, Chief Executive of the IGCC.


    The United States, China, United Kingdom and European Union have all announced more ambitious climate change initiatives in recent weeks. These announcements build on existing carbon pricing schemes in the EU, China, California and many jurisdictions around the world.

    Click here to download a copy of the media release
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