Corporate Knights

FEBRUARY 8, 2023

Even without carbon pricing, wind power is set to be 40% cheaper than gas-fired power in both provinces by 2030,” the report states. 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.”

Net Zero 317

Net Zero Stranded Assets 317

Corporate Knights

OCTOBER 7, 2024

The second aim states that signatories should achieve net-zero emissions from electricity consumption by 2030. Is Bitcoin the next stranded asset? Recent developments in technology suggest the industry has started putting plans into action, with the appearance of sustainable tools and infrastructures.

Decarbonize 278

Decarbonize Stranded Assets Green Bonds Net Zero 278

3BL Media

SEPTEMBER 29, 2023

Those organisations that have not considered reducing these emission sources could be misunderstanding the double materiality risks they carry: the risks to their business, like stranded assets or reputational risks, and their contribution to making the Earth uninhabitable. However, greater action is required to fully realise this.

Net Zero 113

Net Zero Divestment Banking Stranded Assets 113

ESG Today

MARCH 14, 2024

Alongside the new Scope 3 target, however, Shell also eliminated a 2035 emissions intensity goal, and revised down its interim 2030 intensity goal as well. While the company had previously set 2030 targets to reduce its Scope 1 and 2 emissions, it had avoided setting an interim Scope 3 target.

Net Zero 104

Net Zero Stranded Assets Paris Agreement Climate Change 104

Corporate Knights

AUGUST 15, 2022

In April, 2021, Germany’s Constitutional Court declared that the country’s 2030 emission reduction targets were insufficient, lacking in detail, and therefore violated the fundamental rights of citizens—including the nine youth climate campaigners who originally launched the case.

Stranded Assets 354

Stranded Assets Shipping Net Zero Manufacturing 354

Chris Hall

JANUARY 3, 2024

C, and investee companies are not yet facing full scrutiny of their net zero transition strategies, posing challenges for institutional investors committed to decarbonising their portfolios in line with the Paris Agreement. Others might set a target for some or all portfolio companies to be net zero aligned by 2030.

Net Zero 72

Net Zero Paris Agreement Stranded Assets Climate Change 72

Chris Hall

JANUARY 27, 2025

Alongside stranded asset dangers for investors, the early phase-out of emerging markets coal fleets leaves countries open to legal, financial risks. The International Energy Agency has said the world needs to cut 90% of coal use by 2050 and phase out all unabated coal power plants by 2040 to achieve net zero by the mid-century.

Net Zero 64

Net Zero Stranded Assets Paris Agreement Banking 64

Corporate Knights

JUNE 19, 2024

For the FNMPC, that equity should come as broadly as possible – including through the inclusion of Indigenous communities in the development of a greener grid that enables Canada to reach net-zero. These plants will need to develop plans to meet Alberta’s net-zero grid targets by 2050 given that new plants may run for decades to come.

Stranded Assets 182

Stranded Assets Net Zero Development Banking 182

Chris Hall

OCTOBER 22, 2024

This is according to a study by global asset manager Invesco and Sweden’s fourth national pension fund, AP4, who recently partnered up to explore the road to net zero for institutional investors. It now aims to further halve its emissions by 2030 compared to 2020 levels – with the long-term goal of achieving net zero by 2040. “We

Net Zero 52

Net Zero Paris Agreement Divestment Stranded Assets 52

3BL Media

DECEMBER 9, 2023

managing $446 billion, announced plans to invest $100 billion in climate solutions by 2030. Deep engagement and accountability: CalPERS has long supported companies that are managing their risks responsibly and preparing for their transition to the net zero economy. This year, a record $1.8

Net Zero 147

Net Zero Stranded Assets Climate Change Manufacturing 147

3BL Media

MAY 17, 2022

To maintain a chance to avoid the worst climate impacts, science says we need rapid, deep emissions cuts – at least 50 percent by 2030. While investment portfolios will take time to reflect a climate-aligned, resilient approach, in an ideal scenario, we would see an orderly shift to a net-zero economy.

Net Zero 130

Net Zero Climate Change Stranded Assets Supply Chain 130

Corporate Knights

MARCH 20, 2023

Delaying those actions “would lock in high-emissions infrastructure, raise risks of stranded assets and cost escalation, reduce feasibility, and increase losses and damages.” In energy supply, solar and wind deliver by far the highest net emission reductions through 2030 at the lowest cost. C at the end of the century.

Climate Change 287

Climate Change Stranded Assets Decarbonize Paris Agreement 287

Chris Hall

FEBRUARY 3, 2023

Research by the International Energy Agency (IEA) shows that a major push on energy efficiency could save the equivalent of China’s annual energy usage, as well as 33% of the total additional net zero emission reductions required by 2030. This has just been a hugely difficult winter for millions of people,” says Birt. “If

Net Zero 98

Net Zero Stranded Assets Banking Development 98

ESG Today

JULY 25, 2023

Canada’s Environment and Climate Change Minister Steven Guilbeault said: “By eliminating inefficient fossil fuel subsidies, we are encouraging smart and efficient government investment decisions that can increase Canada’s competitiveness in a decarbonizing global economy, while avoiding creation of stranded assets.

Stranded Assets 97

Stranded Assets Net Zero Clean Technology Global Economy 97

ESG Today

JANUARY 25, 2023

Build more investor confidence in green infrastructure projects The greatest fear that many investors have around investing in green infrastructure projects is that they become “stranded assets.” To prevent this, governments must make a long-term commitment to a green energy source such as hydrogen or nuclear. oil and gas).

Stranded Assets 104

Stranded Assets Paris Agreement Net Zero Supply Chain 104

Chris Hall

SEPTEMBER 13, 2023

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”.

Net Zero 89

Net Zero Climate Change Stranded Assets Green Investing 89

Chris Hall

APRIL 13, 2022

The shareholder resolution encourages TotalEnergies to become “the first oil and gas giant that has its targets for 2030 completely 1.5°C Investors applaud this leadership in expanding net zero targets to fully account for material Scope 3 emissions,” said Daniel Stewart, Energy Program Manager of As You Sow. Pressure on Amazon.

Paris Agreement 98

Paris Agreement Net Zero Greenhouse Gas Protocol Stranded Assets 98

Corporate Knights

JULY 25, 2023

Those numbers left any Indigenous investor with the prospect of losing money on the deal and facing “the likely prospect of being saddled with a stranded asset,” independent economist Robyn Allan, a former president and CEO of the Insurance Corporation of British Columbia, told The Energy Mix at the time.

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Paris Agreement Bend the Curve Carbon Offsets Stranded Assets 246

Chris Hall

OCTOBER 10, 2022

Transition plans should demonstrate alignment with 2030 decarbonisation targets, says UN Climate Envoy. In addition, institutions should have interim decarbonisation targets that are “consistent” with the 2030 target, set by the Intergovernmental Panel on Climate Change , of reducing CO2 emissions by around 45% from 2010 levels.

Net Zero 52

Net Zero Stranded Assets Banking UNEP 52

Chris Hall

JANUARY 30, 2024

Financial institution focus Following successful litigation in 2021, a Dutch court required Shell to slash its emissions by 45% by 2030 and held the firm responsible for Scope 3 emissions from its value chain.

Greenwashing 80

Greenwashing Stranded Assets Net Zero Banking 80

Chris Hall

AUGUST 23, 2023

With global trade highly dependent on shipping, achieving net zero may put wind in the sails of other industries’ climate ambitions. For the first time, the IMO has also agreed on an overarching objective to achieve net zero greenhouse gas (GHG) emissions by or around 2050.

Shipping 81

Shipping Net Zero Stranded Assets Development 81

Chris Hall

MARCH 2, 2022

Last summer, the European Commission launched a raft of climate-related legislation – ‘ Fit for 55 ’ (Ff55) – to reduce net EU emissions by 55% by 2030 from 1990 levels. It includes a proposal for amending the 2009 Renewable Energy Directive to increase its target for renewables to 40% of its overall energy mix by 2030.

Net Zero 98

Net Zero Stranded Assets Global Economy Supply Chains 98

Chris Hall

APRIL 14, 2023

These shareholder proposals also encourage banks to be mindful of facilitating and upholding business plans that invest in the development of new assets at disproportionate risk of becoming stranded assets. Proponents of the resolutions acknowledge the near-term need for fossil fuels. US and Canadian banks need to get on board.

Banking 98

Banking Greenwashing Net Zero Stranded Assets 98

Chris Hall

MARCH 31, 2023

Exercising influence Worldwide, i nvestments in nature-based solutions (NbS), such as reforestation, or flood recovery, need to more than double by 2030 to US$384 billion, and the newly agreed Global Biodiversity Framework calls for at least US$200 billion of private sector capital a year. The capacity to employ this capital is huge.

Net Zero 98

Net Zero Supply Chain Supply Chains Stranded Assets 98

Chris Hall

FEBRUARY 11, 2022

If you’re struggling to work out whether big oil is serious about reducing carbon emissions in line with net zero 2050 targets, you’re in good company. The UK firm’s updated net zero strategy was hailed by some as a blueprint for the industry, and was welcomed by major investors. Does this include BP, for example?

Net Zero 52

Net Zero Supply Chain Supply Chains Stranded Assets 52

Chris Hall

MAY 27, 2022

The private sector’s ability to accelerate the pace of net zero transition is open to question. Climate-focused investors welcomed the change from the coal-wielding Scott Morrison, calling for an “investment grade 2030 emissions target”, and accompanying policy changes, including a National Transition Authority.

Net Zero 52

Net Zero Stranded Assets Paris Agreement Greenwashing 52

Envirotec Magazine

MARCH 25, 2024

The report, titled ‘Sustainable fuels for shipping by 2050 – the 3 key elements of success’, appears to reveal that the EU Emissions Trading Scheme (ETS) and FuelEU Maritime Initiative (FEUM) i will see the cost of fossil fuels more than double by 2030. They have a major role in accelerating towards net-zero emissions shipping.

Shipping 59

Shipping Net Zero Stranded Assets Global Economy 59

Chris Hall

JANUARY 30, 2024

Financial institution focus Following successful litigation in 2021, a Dutch court required Shell to slash its emissions by 45% by 2030 and held the firm responsible for Scope 3 emissions from its value chain.

Greenwashing 59

Greenwashing Stranded Assets Net Zero Banking 59

Envirotec Magazine

SEPTEMBER 17, 2021

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. The full knowledge brief is available here.

Net Zero 52

Net Zero Stranded Assets COP26 Development 52

Chris Hall

JUNE 23, 2022

The report warns that fossil fuel demand will peak as government policies to cut emissions, asset owners’ net-zero commitments and the rapid growth of clean energy technologies combine to transition the economy towards renewables. This is especially important now as fossil fuel prices and related company stocks soar.” .

Net Zero 40

Net Zero Stranded Assets Paris Agreement Climate Change 40

Chris Hall

APRIL 21, 2023

This AGM season, investors have filed numerous shareholder resolutions to accelerate finance sector action to address climate risks and meet net zero commitments. However, all three banks have set “only intensity targets”, he said.

Banking 52

Banking Net Zero Stranded Assets Climate Change 52

Chris Hall

MAY 19, 2023

Yet, despite this uncertainty, decarbonisation is a megatrend; driven by the need to reach net zero by 2050 if the world is to avoid catastrophic climate change. Meanwhile, the EU recently announced the Net Zero Industry Act to rival this plan, and “make Europe the home of cleantech and industrial innovation on the road to net zero”.

Net Zero 52

Net Zero Stranded Assets Development Climate Change 52

Chris Hall

MAY 22, 2024

BP has cut its oil and gas production reduction target from 40% to 25% by 2030, Shell dropped its goal to cut oil production by the same deadline, and TotalEnergies plans to increase both its oil and gas production by 2-3% per year until 2028. C pathway by 2050 would requires as much as 50% by 2030. Last year, Shell invested US$5.6

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Divestment Paris Agreement Stranded Assets Net Zero 89

Chris Hall

AUGUST 23, 2023

Further, only 9% have implemented a response to their physical risk exposure. International adaptation finance flows to developing countries are ten times below estimated needs, according to the UN’s 2022 Adaptation Gap report.

Stranded Assets 52

Stranded Assets Net Zero Climate Change Divestment 52

Chris Hall

APRIL 20, 2022

Net-zero CO2 energy systems entail: a substantial reduction in overall fossil fuel use, minimal use of unabated fossil fuels, and use of CCS in the remaining fossil system,” says the report. C or below will leave a substantial amount of fossil fuels unburned and could strand considerable fossil fuel infrastructure.

Net Zero 52

Net Zero Development Climate Change Stranded Assets 52

We Mean Business Coalition

NOVEMBER 22, 2021

Many have set science-based targets aligned with 1.5ºC, others are starting their journey to net-zero. For business, investments in fossil fuels are now far riskier because the market expects them to become stranded assets in the foreseeable future. The Glasgow Pact has given them the direction of travel.

COP26 52

COP26 Paris Agreement Net Zero Stranded Assets 52

Chris Hall

APRIL 14, 2023

The new initiative seeks to engage with companies in key sectors that are deemed to be systemically important in reversing nature and biodiversity loss by 2030.

Net Zero 52

Net Zero Paris Agreement Divestment Global Economy 52