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. The dangers of overshooting 1.5°C

Climate Change 282

Climate Change Stranded Assets Decarbonize Paris Agreement 282

ESG Today

JANUARY 25, 2023

By: Chris Lewis, Global Infrastructure Leader at EY At COP27 in November last year, there was an overwhelming consensus that the target of lowering global temperatures by 1.5 ° C – as outlined in the historic Paris Agreement – is now at risk of not being met, unless the world acts now. oil and gas).

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Stranded Assets Paris Agreement Net Zero Supply Chains 104

Chris Hall

OCTOBER 22, 2024

Choosing the right method to measure portfolio emissions is crucial to investors’ alignment with the Paris Agreement, and should reflect their strategy. Reasons are manifold but include better risk management, earlier identification of stranded assets, and the realisation that Paris Agreement goals are in jeopardy.

Net Zero 52

Net Zero Paris Agreement Divestment Stranded Assets 52

Chris Hall

NOVEMBER 3, 2023

Almost seven years since the Paris Agreement was signed at COP21, any number of initiatives have been launched with the aim of reducing greenhouse gas (GHG) emissions and limiting global warming to 1.5°C.

Paris Agreement 94

Paris Agreement Climate Change Stranded Assets Global Economy 94

Chris Hall

JANUARY 3, 2024

Now they must wait to see how signatories to the Paris Agreement act on the commitments outlined in the official response to the Global Stocktake, as well as multiple other pledges announced across the two weeks before that final text was signed, sealed and gavelled. Some managers might not cover Scope 3 emissions,” he notes.

Net Zero 72

Net Zero Paris Agreement Stranded Assets Climate Change 72

Chris Hall

MAY 22, 2024

Investors should be under no illusion that any major oil and gas companies are currently aligned or on track with the climate goals of the Paris Agreement,” Ben Cushing, Director of the Fossil-Free Campaign at US-based NGO Sierra Club, tells ESG Investor. C pathway by 2050 would requires as much as 50% by 2030.

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Divestment Paris Agreement Stranded Assets Net Zero 89

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. An increasing number of countries including the EU have exited the ECT, arguing that the treaty does not align with the goals of the Paris Agreement. This would lead to 1.5

Net Zero 64

Net Zero Stranded Assets Paris Agreement Banking 64

Sustainable Development Network

AUGUST 30, 2019

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.

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Paris Agreement Stranded Assets Decarbonize Climate Change 52

Chris Hall

MAY 27, 2022

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. Even so, we were reminded how far the G20 nations are from meeting their COP26 commitment to keep 1.5°C

Net Zero 52

Net Zero Stranded Assets Paris Agreement Greenwashing 52

3BL Media

SEPTEMBER 29, 2023

Financial organisations thus have a major role to play in the decarbonisation of the global economy, yet it is estimated that since the Paris Agreement in 2015, the 60 largest banks have instead invested $5.5 For example, the indicative financed emissions from the UK financial sector in 2019 were found to be 1.8

Net Zero 113

Net Zero Divestment Banking Stranded Assets 113

Chris Hall

MARCH 16, 2022

In examining sustainability pressures and financial risk in the blue economy, WWF warned that if ocean resources continued to be extracted at current rates, “we increase the risk of ‘stranded assets’ materialising in portfolios, i.e. through assets suffering unanticipated or premature write-offs, downward revaluations or conversions to liabilities”.

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UNEP Banking Paris Agreement Stranded Assets 98

We Mean Business Coalition

NOVEMBER 22, 2021

After the Paris Agreement the message was clear: Ambition, Ambition, Ambition. These include a commitment by nations to increase their emissions targets to pursue the 1.5ºC objective of the Paris Agreement and rules for a robust and transparent global carbon market. C alive, just. Their message to world leaders is loud.

COP26 52

COP26 Paris Agreement Net Zero Stranded Assets 52

Chris Hall

JUNE 23, 2022

C, in line with the Paris Agreement goal. . “If 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. C goal. .

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Net Zero Stranded Assets Paris Agreement Climate Change 40

Chris Hall

AUGUST 12, 2022

The primer added: “Challenges to the actions – and inactions – of companies and their directors are starting to emerge,” citing the judgment in the Netherlands on May 26 2021, ordering Royal Dutch Shell reduce its CO2 emissions by 45% from 2019 levels by the end of 2030.”.

Climate Change 52

Climate Change Stranded Assets Paris Agreement UNEP 52

Chris Hall

AUGUST 8, 2024

Anglo American sold its thermal coal portfolio in 2021, while BHP announced in 2022 that it would close its last such mine in 2030. This leaves it heavily exposed to reputational, regulatory and stranded-asset risk, leading many investors to avoid it.

Stranded Assets 52

Stranded Assets Divestment Greenwashing Paris Agreement 52

Chris Hall

AUGUST 23, 2023

The new strategy introduces crucial new “indicative checkpoints”: a 20-30% reduction in emissions from international shipping by 2030, and a minimum 70% reduction in emissions by 2040, relative to 2008 levels. Some companies will start acting and some won’t; there’s more risk of stranded assets.” What role should investors play?

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Shipping Net Zero Stranded Assets Development 81

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. The post The “Ripple Effect” of Universal Ownership appeared first on ESG Investor.

Net Zero 52

Net Zero Paris Agreement Divestment Global Economy 52

Chris Hall

APRIL 21, 2023

Investors have filed 21 climate-related shareholder resolutions with major US banks and insurers calling for measures including the adoption of science-based targets, a phase-out of lending and underwriting to companies involved in new fossil fuel expansion, aligning climate-lobbying with the goals of the Paris Agreement, and the strengthening of due (..)

Banking 52

Banking Net Zero Stranded Assets Climate Change 52

Chris Hall

APRIL 12, 2023

And while there are instructive parallels with the catalytic impact of the Paris Agreement on identifying and mitigating climate risks by the private sector, there are also important differences. trillion across the region by 2030. The GBF is influencing policy through its goals and 2030 targets.

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Supply Chains Supply Chain Divestment CDP 52

Chris Hall

APRIL 27, 2022

At COP26 in Glasgow last year, governments, businesses, and other stakeholders in the automotive industry and road transport committed to “rapidly accelerating the transition to zero emission vehicles to achieve the goals of the Paris Agreement”. Released last month, the UK’s new EV infrastructure strategy commits £1.6

Net Zero 52

Net Zero Manufacturing Supply Chains Supply Chain 52

Chris Hall

MAY 4, 2022

If an oil and gas company announces a 2050 net zero target but doesn’t show any changes to capex (for example, shifting to renewable energy) or asset valuation (to account for stranded asset risk) this could make investors and other stakeholders doubt the credibility of the company’s transition strategy,” Wartmann says. .

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Net Zero Carbon Offsets Paris Agreement Climate Change 52

Chris Hall

NOVEMBER 16, 2022

Annual clean energy investment in EMDEs needs to increase by more than seven times, from US$150 billion in 2020 to over US$1 trillion a year by 2030, according to an International Energy Agency (IEA) report. . It has been launched in partnership with philanthropies the Bezos Earth Fund and Rockefeller Foundation. .

Net Zero 52

Net Zero Paris Agreement Carbon Offsets Greenwashing 52

Chris Hall

JULY 20, 2022

While Group of Seven governments are announcing grand plans , asset owners in developed markets are increasingly keen to play their part in this transition. . But energy investment would need to double this decade to more than US$190 billion each year from 2026 to 2030 (equivalent to 6.1% by 2030. . of GDP), with two ?

Net Zero 52

Net Zero Development Stranded Assets Chief Sustainability Officer 52

We Mean Business Coalition

NOVEMBER 12, 2021

C and implement the Paris Agreement and will be welcomed by the business community. Over 750 companies from across the world are urging governments to phase out coal-fired power generation by 2030 for developed countries and by 2040 for other countries. The Pact and recent pledges keep 1.5°C C alive, just.

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COP26 Net Zero Paris Agreement Development 88

Eco-Business

FEBRUARY 17, 2020

The global fight against climate change is gradually gaining momentum, with countries like Canada, China, Germany, India, Japan, and the EU reaffirming commitment to the Paris Agreement, and more than 80 mayors in the US confirming that they will continue with agreed guidelines.

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Carbon Offsets Stranded Assets Climate Change Paris Agreement 19