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Ten good news stories on climate and clean energy in 2024

Corporate Knights

Canadas emissions would be higher today without the actions taken to date by all levels of government since 2015. This type of planned transition in the building sector is necessary to protect consumers from higher costs and stranded assets. Climate policies are working with industrial carbon pricing leading the pack.

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Canada is sleeping on the energy transition

Corporate Knights

At the same time, the five largest Canadian banks have provided $700 billion to the fossil fuel sector since 2015 and doubled their year-over-year financing in 2021. The inability to prepare adequately for the energy transition will come with significant economic costs.

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The biggest carbon losers

Corporate Knights

This year, Corporate Knights set out to identify global companies that have decarbonized faster than their peers while simultaneously increasing revenue. To boot, Enel managed to deflate its carbon bubble almost exclusively by retiring high-carbon assets. We eventually whittled the list down to?20 dollars) through 2030.

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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 there’s still time to take action if countries pick the right decarbonization options and scale up fast. The dangers of overshooting 1.5°C

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At long last, Canada restricts oil and gas subsidies (except for all the loopholes)

Corporate Knights

They also noted the due diligence aspects of a framework that must now be implemented by all federal departments and agencies in line with the targets in the 2015 Paris climate agreement. A government source pointed to a provision for regular reviews of the subsidy policy as an important opportunity to ratchet up restrictions over time.

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SDSN at the Latin America and Caribbean Climate Week

Sustainable Development Network

The dialogue explored the vision and challenges for countries to achieve decarbonization by 2050. In the LAC region, Costa Rica and Chile are committed to this goal, along with other countries such as Colombia, currently exploring different pathways towards deep decarbonization.

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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. PEs are ideally suited to address decarbonization the issue at the core of the climate crises. The SDGs are a global mandate agreed upon by 193 countries in 2015.