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The policy won’t affect money that has already gone out the door or commitments that have already been signed, there is no published calculation of the future subsidies that will now be foregone, and the documents provide no cost figures for 129 non-tax measures that could be shifted as a result of this week's announcement.
The company data produced by non-financial reporting helps investors to identify which companies are investing in the clean energy transition and can highlight gaps in action which may lead to strandedassets and hence costs. Therefore, there is a greater likelihood the companies will be better at reporting on these emissions.
Delaying those actions “would lock in high-emissions infrastructure, raise risks of strandedassets and cost escalation, reduce feasibility, and increase losses and damages.” But there’s still time to take action if countries pick the right decarbonization options and scale up fast.
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