Many of Australia’s biggest emitters have not yet engaged with the Emissions Reduction Fund. AAP Image/Dave Hunt

Big firms voice lack of faith in ‘cumbersome’ and ‘impractical’ Emissions Reduction Fund

The federal government has signalled its intent to prolong the Emissions Reduction Fund. But surveys of business leaders reveal widespread cynicism about a scheme perceived as politicised and bureaucratic.
To properly consider climate risks for their business, directors need the financial expertise of accountants. StockLite/Shutterstock

From back office to boardroom: accountants step up in climate risk management

Company directors have been put on notice about their duty to consider and disclose climate change risks. And to do that properly they need to call on the expertise of accountants.
A price on carbon introduced by the Labor government, dubbed the “carbon tax”, was more effective at motivating big emitters to act, compared to the current Direct Action plan. Mick Tsikas/AAP

Direct Action not as motivating as carbon tax say some of Australia’s biggest emitters

New research has found that carbon intensive companies have lost focus on reducing emissions under Direct Action, when compared with the carbon tax.

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