Coalition signs Australia up to agreements to price in climate risk

Announcement could inflame tensions between Liberals and Nationals, who have criticised banks for asking businesses for carbon transition plans

Australia will sign up to two international agreements that aim to integrate climate risk into investment decision-making including through pricing risk, Sussan Ley will announce.

The environment minister will tell the 2021 Climate Adaptation Summit on Monday that Australia will join the Coalition for Climate Resilient Investment and the Call for Action: Raising Ambition for Climate Adaptation and Resilience.