<
https://theconversation.com/big-businesses-will-this-year-have-to-report-their-environmental-impacts-but-this-alone-wont-drive-change-224743>
"This year, large businesses in Australia will likely have to begin reporting
their environmental impacts, climate risks and climate opportunities.
The final draft of Australia’s new mandatory climate disclosure laws are due
any day now, following consultation.
These laws are meant to increase transparency about how exposed companies are
to risks from climate change, and will require companies to look into and share
what impact their activities have on the environment. This, the government
hopes, will accelerate change in the corporate sector.
But will it help lower emissions? I don’t think so. We don’t have a carbon tax,
which means many companies have no financial incentive to actually lower their
emissions. (The strengthened Safeguard Mechanism applies to about 220 big
emitters, but they can simply buy offsets and avoid harder change.)
By themselves, climate disclosures will not trigger the change we need."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
