"Australia Launches Sustainable Finance Taxonomy", 17 June 2025

... a new voluntary classification system for categorizing green and transition-focused economic activities, aimed at improving transparency and facilitating capital flows towards Australia’s climate goals. ...

The release marks the latest in a series of initiatives across jurisdictions to set up a classification system for the definition of sustainable economic activities, including taxonomy systems already established or in development in the EU, UK, Singapore, Hong Kong, Canada, and India.

... Australia’s new taxonomy includes classifications for both green and transition activities. Green activities include those that meet criteria determined by Paris-aligned decarbonization scenarios, as well as those that directly enable the decarbonization of another activity. Transition activities include those that help decarbonize emissions-intensive activities move towards closer alignment with a 1.5°C pathway, in which substitutes to fully or more materially reduce emissions are not available. ...