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SnippETS for 24 October 2019

October 23, 2019




Welcome to this week’s edition of SnippETS.


This SnippETS has articles that discuss the desire of the NZ business community to have certainty of legislative continuity on climate change, while internationally corporations need to voluntarily start reporting on Taskforce on Climate related Financial Disclosures (TCFD) before it is imposed upon them.


We also have articles that lift the lid on embedded carbon emissions, shed some light on full life cycle EV carbon analysis as well as discussing how renewable energy is outcompeting fossil fuels more and more. 


There are also articles that cover circular economics, what happens when cities plan for climate change but central government does not and transition towns that will help people to adapt to climate change.






Since the release of the IPCC’s alarming ‘Global Warming of 1.5C’ report a year ago, the public has become much more aware and vocal about the need for climate action. Groups like Extinction Rebellion are clear on what they want, but most businesses have yet to work out what they need to change. Luckily, these discussions are now being had, as last week business leaders met in Auckland to discuss what transformational change looks like and how it can be achieved. Read more.....





Part of the reason why business leaders are getting serious about climate action is because of the push they are getting from the financiers of the world. Investors, financiers and insurers are now demanding that businesses disclose their climate related risks in their annual reports. The governor of the Bank of England has warned businesses that they have two years to agree rules for reporting climate risks before global regulators devise their own and make them compulsory. Read more.....






However, it is not only businesses that are receiving criticism for their lack of transparency around climate-related disclosures. The methodologies of national GHG emissions inventories are being called in to question as Greta Thunberg accuses rich countries of “creative carbon accounting”. The disagreement is around the lack of disclosure for consumption-based emissions as opposed to production-based accounting which makes service-based economies (like ours) look better on paper than they really are. Read more.....