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The NSW Government has recently announced a target of reducing the state’s emissions by 50% by 2030 on 2005 levels. Meeting this target while driving increased prosperity requires the realisation of the cheapest sources of abatement.

Consistent with this commitment, there is an opportunity to expand the role of forests in NSW’s climate strategy by stopping logging in state forests. Frontier Economics and Professor Andrew Macintosh of the Australian National University have prepared a report, Comparing the value of alternative uses of native forests in Southern NSW, that looks at the climate and economic outcomes of this strategy, based on a case study in the southern forests of NSW, covering the Southern and Eden Regional Forest Agreement (RFA) areas.

Based on conservative assumptions, the study found stopping native forestry in the Southern and Eden RFA areas would produce a net economic benefit to the state of approximately $60 million, while also reducing net greenhouse gas emissions by almost 1 million tonnes (Mt) per year over the period 2022-2041.

The National Australia Bank Limited (NAB) sought to acquire the Australian consumer business of Citigroup Australia Pty Limited (Citi). They applied for informal clearance of the proposed acquisition from the ACCC. The ACCC’s investigation focused in particular on the white-label business of Citi and whether NAB would have an incentive post-acquisition to damage this business which competed with its own-label cards.

Frontier Economics was retained by lawyers of the parties to assess these incentives and write a report which was submitted to the ACCC. The ACCC announced today that it would not oppose the acquisition.

Frontier Economics advises clients on a range of competition and dispute support matters.

The property sector has been exploring the ways that climate change could affect business, and until now, this has mostly been focused on the physical effects. However, it is important that businesses don't overlook transition risks as they start to deal with the move to a low carbon economy. There is growing industry level discussion about the potential material financial impacts of this transition for the property sector. We see three key issues as important for those businesses navigating their way through this challenge.

These are:

Frontier Economics and Edge Environment have partnered to provide comprehensive sustainability and economic advice to guide businesses through climate change risk and reporting. A new article, co-authored by Ben Mason from Frontier Economics, along with Mark Siebentritt, Miranda Siu and Jackie McKeon from Edge Environment, discusses the challenges that the property sector face navigating this complex area.

To read the full article, click below:

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