Work on climate change, sovereign risk, sovereign bonds, investment, engagement, macro economics and capital markets for PRI.https://bsky.app/profile/tomarup.bsky.socialhttps://bsky.app/profile/tomarup.bsky.social/post/3kbe2iary4l2aThe faltering Australia energy transition is a good reminder that basically all large-scale electricity infra in Australia has been built by governments and then sold off for operation (to mixed results). Not sure why we think it will be different this time?09 Oct 2023 22:28 +0000at://did:plc:oeclghv5vwyae4ric3fapnsc/app.bsky.feed.post/3kbe2iary4l2ahttps://bsky.app/profile/tomarup.bsky.social/post/3kagdecupbx2iFossilflation… t.co/YPpPmZPVTW https://t.co/YPpPmZPVTW28 Sep 2023 02:47 +0000at://did:plc:oeclghv5vwyae4ric3fapnsc/app.bsky.feed.post/3kagdecupbx2ihttps://bsky.app/profile/tomarup.bsky.social/post/3ka6fcipg7b2cHow many headlines like this at the moment? The main losers from this are homeowners and renters. Too many governments around the world are obsessed with industry protection at expense of the communities they are supposed to represent. https://www.reuters.com/markets/europe/germany-scraps-plans-more-stringent-building-standards-prop-up-industry-2023-09-24/?taid=6510be462c604f0001c0f079&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter24 Sep 2023 23:01 +0000at://did:plc:oeclghv5vwyae4ric3fapnsc/app.bsky.feed.post/3ka6fcipg7b2chttps://bsky.app/profile/tomarup.bsky.social/post/3k6tn2ao77v25As good as a Don’t Look Up example as I’ve seen for a while07 Sep 2023 22:55 +0000at://did:plc:oeclghv5vwyae4ric3fapnsc/app.bsky.feed.post/3k6tn2ao77v25https://bsky.app/profile/tomarup.bsky.social/post/3k6pegj626k26Quick update on work I'm leading at the UN PRI. A global collaboration of investors seeking to engage with Australian governments on climate change will expand to 25 with approximately US$8 trillion (AU$12.2 trillion) in assets under management. https://www.unpri.org/news-and-press/investors-with-us8-trillion-aum-engage-sovereigns-on-climate-change-in-pri-coordinated-pilot-focused-on-australia/11753.article06 Sep 2023 06:10 +0000at://did:plc:oeclghv5vwyae4ric3fapnsc/app.bsky.feed.post/3k6pegj626k26https://bsky.app/profile/tomarup.bsky.social/post/3k65ocrxzq32mThe Commonwealth Treasury and @EGLawyers have settled a landmark legal challenge over the alleged failure to disclose climate risks associated with Australian Government bonds. https://equitygenerationlawyers.com/wp/wp-content/uploads/2023/08/230830-Notice-of-Proposed-Settlement-incl-Heads-of-Agreement-and-Proposed-Settlement-Terms.pdf30 Aug 2023 05:19 +0000at://did:plc:oeclghv5vwyae4ric3fapnsc/app.bsky.feed.post/3k65ocrxzq32mhttps://bsky.app/profile/tomarup.bsky.social/post/3k62qpgdzrd2wThis a bad but predictable outcome. Will be worse in developing countries. Investors need to be engaging proactively with policy makers to push them to move faster of climate impacts and emissions mitigation rather than reactive withdrawal of capital. https://www.afr.com/markets/debt-markets/hawaii-municipal-bonds-plunge-in-investor-warning-on-climate-risk-20230827-p5dzsu29 Aug 2023 01:24 +0000at://did:plc:oeclghv5vwyae4ric3fapnsc/app.bsky.feed.post/3k62qpgdzrd2whttps://bsky.app/profile/tomarup.bsky.social/post/3k5lhpkbgwy2gDeeply troubling. There's been too much back patting about market inevitability of the energy transition. Stalling renewable build a consequences of a decade of inaction and a public sector still unwilling to take scale of action needed to hit net zero. https://www.afr.com/companies/energy/way-off-the-pace-just-four-green-energy-projects-reached-sign-off-20230822-p5dyj322 Aug 2023 23:33 +0000at://did:plc:oeclghv5vwyae4ric3fapnsc/app.bsky.feed.post/3k5lhpkbgwy2g