Search

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

Renewables Helped Prevent Blackouts on New England’s Hottest Day This Summer

Renewables Helped Prevent Blackouts on New England’s Hottest Day This Summer

Renewable energy sources, such as solar power and battery storage, have helped keep power on in New England, even during peak demand on the hottest day of summer. According to a recent report from the nonprofit Acadia Center, more than 5 gigawatts of behind-the-meter solar provided additional support during peak demand times, despite the temperature […]
The post Renewables Helped Prevent Blackouts on New England’s Hottest Day This Summer appeared first on EcoWatch.