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2013 is another Record Year for Renewables

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27 May, 2024

This post was originally published on Factory Magazin

The REN21‘s Renewable 2014 Global Status Report states a new record level for the global renewable energy generation capacity. Due to the increasing support of the developing countries by policy, the renewable electricity capacity achieved a growth of more than 8 % in 2013. The report provides an overview on the renewable energy market, industry, investment and policy developments worldwide. For one of the three factory publishers, Wuppertal Institute, Magdolna Prantner belongs to the international authors team of the “Renewable Energy Police Network for the 21st Century” (REN21).

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Government consulting on sustainable investment labelling

Government consulting on sustainable investment labelling

The Australian Government is starting consultation on sustainable investment product labelling, which is designed to give investors more confidence to put more capital to work in sustainable products.

The federal government said the release of this paper is a key step in implementing its Sustainable Finance Roadmap — designed to help mobilise the capital required for Australia to become a renewable energy superpower, modernising the financial markets and maximising the economic opportunities from net zero.

This consultation paper seeks views from investors, companies and the broader community on a framework for sustainable investment product labels.

These labels are designed to help investors and consumers identify, compare and make informed decisions about sustainable investment products to understand what ‘sustainable’, ‘green’ or similar words mean when they’re applied to financial products.

The government said a more robust and clear product-labelling framework will help investors and consumers invest in sustainable products with confidence and help tackle greenwashing.

This phase of consultation will run from 18 July to 29 August and help the government refine its design principles for the framework.

The consultation paper is available on the Treasury consultation hub.

Image credit: iStock.com/wenich-mit

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