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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

To boot, Enel managed to deflate its carbon bubble almost exclusively by retiring high-carbon assets. Most of these reductions were made from 2015 to 2021 when Enel shut down some 40 of its 50 coal power plants fast and furiously (from 31% of generation capacity to 6%). 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 some meeting participants warned that those delays are baked into the process by some of the key assumptions in the IPCC’s modelling.

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SDSN at the Latin America and Caribbean Climate Week

Sustainable Development Network

Prior to the UNFCCC 2015 Conference of Parties (COP) in Paris, SDSN and IDRRI, a leading European think-tank, undertook the Deep Decarbonization Pathways Project (DDPP) engaging national teams in 16 countries covering 70 percent of global carbon emissions.

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ICYMI, an Ill Wind is Blowing From the East

Chris Hall

Almost overnight, Vladimir Putin pulled off something investors have been struggling to achieve since 2015: decarbonising the business models of oil and gas majors. But will the energy giants diversify from or double down on fossil fuels in response to inevitable write-offs on stranded assets?

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Litigation Surge Reflects Evolving Climate Duties

Chris Hall

The number of cases is widely recognised as having doubled since 2015. According to the UNEP Global Climate Litigation Report , more than 1,500 cases had been filed in 38 countries by July 2020.

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The COVID-19 Pandemic Throws Oil and Coal Industries in a Tailspin

Edouard Stenger

Additionally, divestment campaigns and the fear of stranded assets have become each new year more pressing. coal companies have filed for Chapter 11 bankruptcy since 2015 and analysts expect more as the economy dives. In the US, electricity generation from coal went from 50% in 2007 to 15% now.