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.” But there’s still time to take action if countries pick the right decarbonization options and scale up fast. Overshooting 1.5°C

Climate Change 287

Climate Change Stranded Assets Decarbonize Paris Agreement 287

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

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.

Paris Agreement 246

Paris Agreement Bend the Curve Carbon Offsets Stranded Assets 246

Chris Hall

APRIL 14, 2023

Analysis in the banks’ opposition statements would have investors believe these resolutions call for an immediate cessation of business relations with energy sector clients, and for a stymying of activities that would help high-emitting companies decarbonize. Proponents of the resolutions acknowledge the near-term need for fossil fuels.

Banking 98

Banking Greenwashing Net Zero Stranded Assets 98

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

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

We Mean Business Coalition

JUNE 25, 2022

Positive signs came out of the G7 climate and energy ministers’ meeting in May: commitments to end international fossil fuel financing and phase out coal on the pathway towards decarbonized power systems by 2035. Instead, such investments will leave companies and economies with costly stranded assets in the years ahead.

Stranded Assets 52

Stranded Assets Decarbonize Net Zero Waste 52

Richard Matthews

FEBRUARY 21, 2022

According to a report published by Ceres , the Net Zero Asset Managers initiative has grown to 128 investors who collectively manage $43 trillion. Fossil fuels are at high risk of becoming stranded assets and PEs have a significant stake in the energy sector. More Funds Diverted to Sources of Renewable Energy.

Impact Investing 76

Impact Investing Value Creation Net Zero Stranded Assets 76

We Mean Business Coalition

NOVEMBER 12, 2021

On Cities, Regions & the Built Environment day at COP26, the Race to Zero campaign announced a breakthrough in the real estate sector, with US$1.2 trillion in real estate assets under management now committed to halving emissions by 2030, along with 20% of architects and engineers. . ANALYSIS: . Business Ambition for 1.5°C

COP26 88

COP26 Net Zero Paris Agreement Development 88