A striking development has occurred in the world of corporate finance in 2020. Over the past months, a string of corporations have divested from thermal coal, starting with US investment giant BlackRock and extending to Japan's Mizuho and the Norwegian Government Pension Fund.
But the world’s financiers haven't suddenly become climate activists overnight - instead it's economics that is driving this shift.
With the Paris Agreement in place, coal is being dumped all over the world and no longer is seen a safe investment.
In this instalment of the UTS 4 Climate podcast, Bob Carr sits down with Tim Buckley, Director of Energy Finance Studies, Australia/South Asia at IEEFA for a robust discussion on the transformation hitting the energy markets of Australia and Asia.
UTS 4 Climate is a five-part podcast series bringing together leading thinkers from politics, economics, science and journalism to continue the conversation on climate change.
This audio series creates a space to explore climate change from all angles and find practical answers to what we can do to address the climate crisis and secure our futures.
The series is hosted by marine science student Erika Wagner, who works at the Institute for Sustainable Futures. Erika introduces listeners to a range of fascinating conversations held in 2020 by Professor the Honourable Bob Carr, NSW’s longest-serving Premier, former Foreign Minister of Australia and UTS Industry Professor of Climate and Business.
Hear from a diverse range of guests on where Australia has gone wrong on our approach to climate, opportunities to reduce carbon emissions, how to talk about climate in a way that makes a difference, and what it will take to achieve a sustainable future.
This podcast was made by Impact Studios at UTS in collaboration with the Institute for Sustainable Futures.