The Federal Government announced a new Sustainable Finance Strategy
It sets in place the right enabling environment to unlock capital towards the sustainability challenges we must address as a nation
It sets in place the right enabling environment to unlock capital towards the sustainability challenges we must address as a nation
This commentary from VanEck about China's potential effect on investments in 2023
This article from Roger Montgomery giving an overview of their take on the outlook for 2023
Unsurprisingly, climate change is a top concern for Australians. Here is the latest of RIAA's research which shows that now "four out of five Australians (83%) expect their bank account and their super to be invested responsibly and ethically…and 74% would consider moving to another provider if they found out their current fund was investing in companies engaged in activities that were inconsistent with their values."
Can we expect share markets to level out?
The Australian market has held up better than the US market due to lesser exposure to technology and our strong performance in the mining and resources sector. However, the Australian all Ords has fallen 13%, the S&P 500 21% and the Nasdaq 30%.
In just two years, we have suffered through multiple record-breaking floods and a fire season never experienced before. Even at current levels, human actions in heating the climate are causing dangerous and widespread disruption, threatening devastation to swathes of the natural world and rendering many areas unliveable, according to this landmark report published last month.
Climate breakdown is accelerating rapidly. It is now predicted by the Intergovernmental Panel on Climate Change ((IPCC) that many of the impacts will be more severe than predicted and there is only a narrow chance left of avoiding its worst ravages. We are seeing the effect of climate change induced devastation on food prices.
Adding fuel to inflationary pressures has been a global pandemic where supply chains have been disrupted like never before, heightened geopolitical risks with the Russian invasion of Ukraine, putting price pressures on everything from crude oil to wheat to sunflower oil.
This commentary from Tom Dyson, investment director at Bonner Private Research, confirms the Fed’s aggressive approach but asks the question: ‘Could Jerome Powell be bluffing’.
This article from David Bassanese, Chief Economist of Betashares, suggests that the Fed will be more aggressive in their approach as the US economy continues its growth trajectory.
Instead of making fossil fuels more expensive, many governments, inclusive Australia, do the opposite.
They subsidise them.
If we want to reduce greenhouse gas emissions we should not pay to burn fossil fuels.