2007-2020 Australian company research shows higher carbon emissions lead to increased business costs and riskier investments.

Research on over a thousand Australian companies from 2007-2020 reveals higher carbon emissions significantly increase business costs, not just potential fines. This trend is consistent across utilities, energy, industrial sectors, and shows companies with higher emissions are seen as riskier investments. This is the first analysis of its type in Australia with less stringent regulations compared to Europe and North America.