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While the grid operators in Ontario and Alberta are both “investigating pathways to a net-zero power grid,” CEC points to a fatal flaw in their analysis — they rely too often on obsolete data that may go back as far as 2001, or draw from experience in other countries.
This is according to a study by global asset manager Invesco and Sweden’s fourth national pension fund, AP4, who recently partnered up to explore the road to netzero for institutional investors. It now aims to further halve its emissions by 2030 compared to 2020 levels – with the long-term goal of achieving netzero by 2040. “We
The latest IPCC summary on climate mitigation also emphasized that carbon emissions have increased since 2010. While investment portfolios will take time to reflect a climate-aligned, resilient approach, in an ideal scenario, we would see an orderly shift to a net-zero economy. C goal will fall quickly out of reach.”.
Delaying those actions “would lock in high-emissions infrastructure, raise risks of strandedassets and cost escalation, reduce feasibility, and increase losses and damages.” But some meeting participants warned that those delays are baked into the process by some of the key assumptions in the IPCC’s modelling. Overshooting 1.5°C
Financial institutions need to segment their portfolios into transition, netzero-aligned and strandedassets and develop clear emissions reduction plans in line with recognised 2030 and 2050 targets, said Mark Carney, Founder and Co-chair of the Glasgow Financial Alliance for NetZero (GFANZ).
According to a report published by Ceres , the NetZeroAsset Managers initiative has grown to 128 investors who collectively manage $43 trillion. Fossil fuels are at high risk of becoming strandedassets and PEs have a significant stake in the energy sector. More Funds Diverted to Sources of Renewable Energy.
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