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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 strandedasset,” independent economist Robyn Allan, a former president and CEO of the Insurance Corporation of British Columbia, told The Energy Mix at the time.
Delaying those actions “would lock in high-emissions infrastructure, raise risks of strandedassets and cost escalation, reduce feasibility, and increase losses and damages.” By contrast, the report makes no mention of risky and controversial attempts at solar radiation management (SRM) and leaves out any reliance on carbonoffsets.
This means the companies are on a pathway to net zero, according to a third-party assessment, but that’s not necessarily the same as targeting net zero by 2050 and may not be consistent with the remaining carbon budget. It may, for example, include predictions on new forms of technology or substantial use of carbonoffsets.”
There are other areas in which the TPT will have to set their own expectations, spanning from reliance on carbonoffsetting and carbon capture and storage (CCS) technologies to transparency on climate lobbying. . Throwing down the gauntlet . The UK isn’t the only part of the world considering mandatory transition plans. .
The ETA will create a new class of carbonoffsets that either represent investments in EMDE renewable energy projects or converted reductions in emissions from the power sector (such as coal-fired electricity). How will the ETA work? . The deal committed US$8.5
Should energy producers experience higher costs from carbonoffsets, incur fines from excessive polluting, or face impairment charges on their strandedassets as they transform their energy mix, local shareholders that are dependent on steady dividend yields for their incomes may find their retirement plans affected.
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