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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.” C threshold, assume immediate action and deep climate emission reductions of 43% from 2019 levels by 2030, 60% by 2035, 69% by 2040, and 84% by 2050.

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

ESG Today

Skidmore added that following the initiation of “the global transition away from fossil fuels” set in motion at the COP28 climate conference, the future obsolescence of fossil fuels will cause new oil and gas licenses to create stranded assets, instead of supporting communities “to transition their skills and expertise to renewable and clean energy.”

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AB: ESG in Action - The Human Touch in Interpreting Climate Scenario Analysis

3BL Media

The evolving climate drives physical risks—damaged or stranded assets and business-interruption costs from severe weather events. In 2019, AB partnered with Columbia University’s Earth Institute to evaluate existing climate scenario analysis providers and their approaches. Selecting a Scenario Analysis Provider: A First Step.

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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.

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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 CDP found that these financed emissions are on average approximately 700 times higher than the organisation's operational emissions. times higher than the UK's own greenhouse gas emissions (excluding aviation and shipping).

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SDSN at the Latin America and Caribbean Climate Week

Sustainable Development Network

A common message from Professor Jeffrey Sachs, Director of SDSN, is the critical need to articulate a clear long-term vision and not an incremental approach in order to avoid stranded assets and technology lock-in which will inhibit the energy transformation necessary to achieve the Paris Agreement goals.