Research by the International Monetary Fund shows Australia is still so dependent on coal and other greenhouse gas-intensive energy sources that even direct intervention to address climate change won't be enough for the country to reach its international commitments.
“Insurance claims for natural disasters this decade are more than twice what they were in the previous 10 years ... this impact is likely to grow over time.
Assets that are exposed to increasing physical risk ... could decline in value, particularly if these risks become uninsurable.
Investors could suffer from sudden or unexpected regulatory change that could leave businesses unviable.
Financial institutions also face reputational damage if they are seen to be contributing to climate change.”
Value and policy statements regarding sustainability and climate change are a feature of most large companies.
Despite these public proclamations we continue to see companies funding programs through their advertising on Sky News and Macquarie Radio, where denial of man-made climate change is part of the agenda presented to audiences daily.
While you're here please tell these companies to stop the hypocrisy of where they spend their advertising dollars supporting climate change denial.
Over the coming weeks we'll be posting more information, and more ways you can help fight climate change.