article thumbnail

IPCC issues final warning about ‘rapidly closing window of opportunity’

Corporate Knights

Delaying those actions “would lock in high-emissions infrastructure, raise risks of stranded assets 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.

article thumbnail

The High Cost of Climate Inaction

3BL Media

The latest IPCC summary on climate mitigation also emphasized that carbon emissions have increased since 2010. As the recent Intergovernmental Panel on Climate Change (IPCC) report on climate adaptation stated: “Global warming, reaching 1.5°C C goal will fall quickly out of reach.”.

Net Zero 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Turn Commitments into “Hard Numbers”, says GFANZ’s Carney

Chris Hall

Financial institutions need to segment their portfolios into transition, net zero-aligned and stranded assets 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 Net Zero (GFANZ).

article thumbnail

Carbon Metrics Key to Investors’ Net Zero Path

Chris Hall

Reasons are manifold but include better risk management, earlier identification of stranded assets, and the realisation that Paris Agreement goals are in jeopardy. In line with this, the pension fund has cut carbon emissions in its listed equity portfolio by more than half since 2010, representing a 65% decrease.

article thumbnail

Ontario and Alberta are building natural gas plants despite lower costs of renewables

Corporate Knights

There is also the risk that fossil fuel infrastructure is retired before the end of its economic lifetime and becomes a stranded asset—a liability taxpayers would likely pay for.” The province added 7,152 MW of new renewable capacity, mostly solar and wind, between 2010 and 2017, but just 466 MW between 2017 and 2023.

Net Zero 317
article thumbnail

Private Equity Firms Are Paving the Way to a More Sustainable Future 

Richard Matthews

Fossil fuels are at high risk of becoming stranded assets and PEs have a significant stake in the energy sector. percent between 2010 and 2021 while renewable-focused funds gained 8 percent in the same time frame. More Funds Diverted to Sources of Renewable Energy. According to Preqin, conventional energy investments lost 5.6

article thumbnail

The UK needs a new green economic story, not a race to the bottom

We Mean Business Coalition

Investment in low-carbon industries is booming globally, opens new tab , while economies still reliant on fossil fuels are battling price volatility, stranded assets and investor uncertainty. Renewables now generate over 40% of the UKs electricity, up from just 7% in 2010.