Student files climate change lawsuit against Australian government
An Australian student has filed a lawsuit against her government for failing to make clear climate change-related risks to investors in government bonds.
"Australia is materially exposed and susceptible" to climate change risks, according to the statement filed with the Federal Court of Australia in Victoria state.
It alleges that the country's economy and the national reputation in international financial markets will be significantly affected by the Australian government's response to climate change.
The risks are crucial to an investor's decision to trade in government bonds and an investor is entitled to be informed of those risks, it adds.
The student is seeking a declaration that the government breached its duty of disclosure and an injunction pausing further promotion of such bonds until it complies.
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