What could the latest climate report mean for ASX 200 shares?

The latest findings from the most comprehensive climate report released to date have rattled ASX 200 shares today. What has been described as a ‘code red for humanity’, the report produced by the Intergovernmental Panel on Climate Change (IPCC) has unearthed some concerning conclusions.

Hydro to pump North Queensland jobs

More than 900 construction jobs will be created in North Queensland with the state’s first pumped hydro storage project in almost forty years reaching financial close.

Genex powers ahead with 250 MW pumped hydro project

Construction is set to commence on the 250 MW Kidston Pumped Hydro Storage Project later this month after developer Genex Power announced it had secured all the financing required to progress the $775 million project.

Federal funding for Kidston Pumped Hydro project

The Australian Renewable Energy Agency (ARENA) will provide up to $47 million in funding for Genex’s construction of its Kidston Stage 2 Pumped Hydro Energy Storage (PHES) project.