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Rio Tinto to invest $1 billion over 5 years to help meet new climate change targets

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Mining giant Rio Tinto will invest around $1 billion over the next five years to support the delivery of its new climate change targets and a company objective for net zero emissions from operations by 2050. Rio Tinto introduced its first climate change target in 2008 and beat its most recent target.

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Final report of Garnaut Review Update recommends carbon pricing scheme for Australia to do its fair share on climate change

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It will be much harder and more expensive for Australia to do its fair share on climate change without a carbon pricing scheme, according to the final report of the Garnaut Climate Change Review – Update 2011, Australia in the Global Response to Climate Change. Earlier post.)

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Garnaut Climate Change Review issues first of 8 update papers in 2011; reaffirms decision-making framework and need for mitigation efforts

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As commissioned by the Australian Government in 2010, the Garnaut Climate Change Review, led by Professor Ross Garnaut, has issued the first of a series of papers scheduled for this month and next updating the 2008 Climate Change Review. —2008 Climate Change Review. Earlier post.)

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Group of 285 global investors with more than $20T in assets under management calls for urgent action on investment-grade climate change and energy policies; guidelines for governments

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Saying that “ investment-grade climate change and clean energy policy is required to shift private sector investment from high-carbon to low-carbon assets ”, a group of 285 investors has urged governments and international policy makers to take new and meaningful steps in the fight against climate change.

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Copenhagen Diagnosis Released, Detailing Accelerating Indicators of Climate Change In Last Three Years

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A team of 26 climate scientists from Australia, Austria, Canada, France, Germany, Switzerland, the United Kingdom, and the United States have published the “Copenhagen Diagnosis”, an interim synthesis report on developments in climate change science from mid-2006 to the present day.

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UN Review of Recent Climate Research Concludes That Impacts Of Climate Change Coming Faster Than Anticipated

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Significant climate anomalies 2008/2009. Source: Climate Change Compendium. In 2008, the minimum ice extent was 9% greater than in 2007, but still the second lowest on record. A recent study projecting the impacts of climate change on the pattern of marine biodiversity suggests dramatic changes to come.

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Australian shipping emissions identified

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Shipping is a major driver in the Australian economy, with 753 Mt of international exports worth $202 billion passing through Australian ports in 2008-2009. We know from previous studies and the Australian Pollutant Inventory that ship emissions off the coast of Australia are substantially larger than in-port ship emissions.

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