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Decarbonising Investment Portfolios on the Journey to Net Zero

3BL Media

For example, the indicative financed emissions from the UK financial sector in 2019 were found to be 1.8 South Pole can help you navigate the existing framework as well as the new net zero guidance (FINZ) which will replace it in Q4 2023. times higher than the UK's own greenhouse gas emissions (excluding aviation and shipping).

Net Zero 113
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Former UK Conservative Energy Minister Resigns over Government Plan for New North Sea Oil & Gas Licenses

ESG Today

In his letter, however, Skidmore, while acknowledging “a role for oil and gas in the transition to net zero,” notes that the IEA and UNCCC have said that reaching net zero by 2050 and limiting temperature rise to 1.5C

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

Corporate Knights

In a release Monday, Oil Change International placed the total at $50 billion since 2019. But as far back as 2019, it was not certain that LNG exports would replace coal, rather than being used side by side and delaying clean energy alternatives. I think we’ve got to be very careful about the LNG argument,” he told the Globe and Mail.

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Red Light, Green Light

Chris Hall

The UK’s net zero transition depends on huge amounts of private capital that can only be unlocked through climate policy certainty. According to the CCC report, the UK will continue to need some oil and gas fields until it reaches net zero, but this “does not in itself justify the development of new North Sea fields”.

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Business-as-usual no Longer an Option for Banks

Chris Hall

A 2022 climate report from JPMorgan Chase showed a 0% change in operational emissions (Scope 1 and 2) from energy sector clients, and a 1% increase in Scope 3 emissions compared with a 2019 baseline. Proponents of the resolutions acknowledge the near-term need for fossil fuels. US and Canadian banks need to get on board.

Banking 98
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Billions of dollars being used to fund coal power in Africa and Asia

Envirotec Magazine

From 2013 to 2019, USD 42 billion was committed to grid-connected coal power plants in the 18 countries studied. This stands in contrast with China’s domestic energy policy, which is prioritizing a transition to renewable energy, peak emissions before 2030 and a net-zero economy by 2060. Of course, China is not the only culprit.

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The “Ripple Effect” of Universal Ownership

Chris Hall

trillion in AuM that have committed to transitioning their investment to achieve net zero portfolio GHG emissions by 2050 and drawing on the Net Zero Investment Framework to deliver on that commitment. Stranded assets AP7 is a member of the Paris Aligned Asset Owners Initiative, a global group of 56 asset owners with over US$3.3