The Cost of Climate Change

“Extreme weather events are becoming increasingly frequent, wreaking havoc and destruction, costing companies and countries billions of dollars”, says Kevin James, CEO of Global Carbon Exchange, a South African-Australasian based carbon and energy reduction consultancy. A study conducted by a Deutche Bank economist states that “forest decline could be costing about 7% of global GDP”. … Read more

Australia’s Pension Fund Sector Has Leap Frogged Canada

Australia’s .3 trillion pension fund sector has leap-frogged Canada to take fourth spot in the Towers Watson Global Pension Asset Study 2011.  According to the study, the value of Australian pension fund assets increased to 103 per cent of gross domestic product (GDP) at the end of 2010, compared to 93 per cent in 2009.  … Read more