The Australian Treasury Secretary Steven Kennedy warned that the country must do more to keep up with the global standards on climate change or face increasing scrutiny from financial markets. “There might be aspects that do not align with Australia’s national interest,” Kennedy told a public climate forum hosted by the Centre of Policy Development. “We don’t have to like what’s happening, but we do have to be engaged and involved, and we must have a credible alternative that appropriately aligned with others.” Kennedy noted that investors are taking increasingly comprehensive measures to align their portfolio investments with climate-related commitments, a trend that is also occurring in public policy. “These two trends towards aligning public and private, I think, are going to be very powerful forces in shaping in shaping future global investment flows,” he said. Treasury, he said, had noted the increasing demand for more detailed climate-related reporting frameworks and …