News
Clearer policy direction, the development and implementation of a local taxonomy and mandatory climate reporting, and the impending inevitability of energy transition seem set to turbo charge the Australian sustainable finance market. Speakers at the KangaNews Sustainable Debt Summit in Sydney on 19 March discussed the economic and market impact of this inflection point.
New Zealand’s labelled bond market kicked off later than other developed countries but has built a reputation for innovation, especially in the government sector. However, groundbreaking deal structures have yet to be accompanied by weight of issuance – especially in the credit space. Local market participants review the history and look ahead.
Transition is often spoken about in the context of a dollar sum – the estimated amount needed to finance the shift to a decarbonised economy – with little reference to the inevitable wider impact of such a massive investment task. The KangaNews Sustainable Finance Summit 2024 gathered a group of Australian economists to discuss the far-reaching but less discussed impacts of this type of spending.
It has never been more important to keenly monitor – and act on – climate risk. Edwina Kwan, partner, and Jack McNally, solicitor, at King & Wood Mallesons in Sydney, explain why climate litigation is no longer an outside risk brought by activists; investors, shareholders and regulators are among those taking action. Meanwhile, litigants are increasingly creative in bringing climate change related claims while courts are increasingly willing to take them seriously.
