This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Therefore, as we develop our renewables ecosystem, including hydro and energy interconnectors, balancing the energy grid becomes much easier.” They can make a huge difference through investing relatively small amounts of money in developing countries.” Supporting emerging economies’ transition will work to developed nations’ advantage.
The Cambridge Blockchain Network Sustainability Index puts the electricity consumption of Bitcoin networks above those of several developed countries, including Norway and Sweden. The first was the development of standards and technologies to have 100% renewably powered blockchains as soon as 2025. Is Bitcoin the next strandedasset?
Governments should compensate oil and gas investors for strandedassets to avoid costly tribunals, the International Institute for Sustainable Development (IISD) has said.
The result: Commercial office spaces could become strandedassets, subject to write-downs and operating losses. . In the short term, landlords are worried struggling companies will renegotiate leases or shift to a work-from-home model, requiring less office space writ large.
As I looked into the Constellation Prize, I saw that the prize sheds light on how engineering can be done to promote new modes of engagement, research, development, and design that elevate the values of environmental protection, social justice, human rights, and peace. Jay & Kristy Egg and Keith Schue.
CDP and Planet Tracker’s High and Dry: How Water Issues Are StrandingAssets , May 2022 report recognizes that “Water risk is already strandingassets across major sectors of the global economy.”. Ecolab has developed publicly available tools such as Smart Water Navigator and Water Risk Monetizer.
There is now 783 gigawatts (GW) of oil- and gas-power capacity under development—projects that are either announced or in the pre-construction and construction phases,” wrote Jenny Martos, project manager of GEM’s global gas tracker, and Julie Joly, the organization’s oil and gas programme director, in a post for Carbon Brief.
Delaying those actions “would lock in high-emissions infrastructure, raise risks of strandedassets and cost escalation, reduce feasibility, and increase losses and damages.” But some meeting participants warned that those delays are baked into the process by some of the key assumptions in the IPCC’s modelling.
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 “strandedassets.” As a result, the private sector will have to invest in the new infrastructure needed for sustainable development goals.
The developing regulatory landscape must also be understood and monitored closely. The ESG regulatory landscape is continuously evolving, and this should be a key consideration for asset managers.
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 strandedassets.
According to its website, The Constellation Prize “sheds a light on how engineering can be done to promote new modes of engagement, research, development, and design that elevate the values of environmental protection, social justice, human rights, and peace.”.
In the eBook, Black & Veatch’s water and energy experts propose that developing robust decarbonisation roadmaps will help mining companies manage and understand limited budgets, technology timelines and complex regulations over potentially a 30-year span, a timeframe similar to making major infrastructure investments.
Workers, suppliers, communities and consumers should not be forgotten by institutional investors when developing net zero transition strategies. . The post Stranded Workers a Risk in Unjust Transition appeared first on ESG Investor. Orderly path to net zero requires social and natural dimensions to be built into transition plans.
Data and models exist, but they’re incomplete and still developing. The evolving climate drives physical risks—damaged or strandedassets and business-interruption costs from severe weather events. But a model like that would have many assumptions at each stage, which could delay development.
Financial institutions that start with managing their own footprint and supply chains will deliver limited climate impact compared to aligning their balance sheets to lower emissions investments that embed resilience and minimize their exposure to strandedassets.
Just as critically, transition plans are about embracing the booming new clean economy, creating new markets, and investing in the next batch of winners as this shift continues to accelerate exponentially— and avoiding being left behind with dwindling markets, outmoded business models, and strandedassets. This year, a record $1.8
Ex-BoE chief calls for “radical new approach” to mobilising investment in emerging and developed markets; also warns of strandedassets. Given the enormous resources of GFANZ, a radical new approach to mobilising private capital investment in emerging markets and developing economies can be developed,” he said.
The report’s authors appear to demonstrate how this resistance will escalate as new leases are sold and crude oil projects are developed, threatening the long-term viability of projects and investments.
At the last meeting in April , measures were developed to eliminate problematic plastic products, but negotiators have yet to agree on rules to slash production and consumption. Risk of strandedassets Many major asset owners and managers have vociferously supported the treaty.
However, the question remains whether the programmes now being developed will deliver success if they are bifurcating their engagements. A stewardship programme that offers comprehensive engagement on climate and sustainability issues to responsible investment clients is commendable, provided it is done effectively.
Sixty-nine percent of listed equities reporting via CDP’s platform stated they are exposed to water risks that could “generate a substantive change in their business”, said CDP’s report on how water issues are strandingassets. Water risk factors and strandedassets.
The development team is working to quantify this energy and carbon-reduction benefit — along with potential CAPEX and OPEX savings — so stay tuned for those metrics. Sustainable software development. An exciting, emerging area of sustainable computing is sustainable software development (SSD). Developer Sustainability Dashboard.
The Inter-American Development Bank (IDB) is supporting countries in the region to achieve these ambitious goals, along with some foreign governments like Germany. The dialogue explored the vision and challenges for countries to achieve decarbonization by 2050.
Mining giant BHP’s bid to acquire Anglo-American would create the world’s biggest shipper of metallurgical coal and a global mega-polluter, exposing shareholders to strandedasset risk as the world moves away from fossil fuels, a think tank has warned. German think tank Agora also predicts that DRI will outcompete CCUS.
Beyond disclosure According to Segal, the intent of CAFA is to go “beyond disclosure” by requiring financial institutions of all types to align capital with climate action. “[The bill] places assurance that financial institutions will develop transition plans that align with keeping warming below 1.5°C,” C,” she said. “It
Even so, we have developed a pipeline of over ten large nature-based solutions to be financed during 2023, with an overall potential of 40,000 hectares of agroforestry and productive restoration. It’s part of our fiduciary duty to be at the forefront of efforts to scale up and re-allocate capital. Yet the world is changing.
These countries need affordable, reliable and clean energy to support their socio-economic development and to mitigate climate change. Commercial financial institutions worldwide continue to support coal power plant development indirectly, despite having implemented policies to exclude direct financing of new coal-fired generation assets.
To better stimulate investment in climate resilience across Australia and New Zealand, the Investor Group on Climate Change (IGCC) has developed its ‘ Road to Resilience ’ strategy. International adaptation finance flows to developing countries are ten times below estimated needs, according to the UN’s 2022 Adaptation Gap report.
Perhaps these outcomes should not be a surprise after BlackRock, the world’s largest asset manager, described many 2022 climate resolutions as “ prescriptive or constraining ”. The post ICYMI, Governments and Regulators are Making the Running appeared first on ESG Investor.
But perhaps it should not include Total, which faces a rocky AGM in May, especially if it continues to struggle to find the finance to develop two Ugandan oil fields , in partnership with Chinese state-owned oil company CNOOC.
They promote the implementation of UN Sustainable Development Goal 14 (Life Below Water), and set out ocean-specific standards, allowing the financial industry to mainstream sustainability of ocean-based sectors. Launched in 2018, they act as a global guiding framework for banks, insurers and investors. What activities should investors avoid?
Carbon Tracker suggested changes to listings rules would reduce investors’ exposures, as would the further development of alternative indexes. . This could lead to vast amounts of strandedassets if oil, gas and coal companies continue with business as usual. . C, in line with the Paris Agreement goal. .
Dr Tom Gosling, Executive Fellow at London Business School, has argued that some asset managers are effectively pulling their punches on net zero, holding off on implementing their collective and individual commitments, awaiting stronger policy direction from politicians. Lee suggests not. “In
Financial institutions need to segment their portfolios into transition, net zero-aligned and strandedassets and develop clear emissions reduction plans in line with recognised 2030 and 2050 targets, said Mark Carney, Founder and Co-chair of the Glasgow Financial Alliance for Net Zero (GFANZ). Greater accountability.
Not the least of these developments is the shifting profile of the market, from one dominated by charitable institutions and public sector bodies to one that accommodates harder-headed investors looking for top-class returns alongside positive outcomes. She cites as an example the re-development of King’s Cross in London.
The report outlines the risks to the EU’s climate transition if new fossil gas infrastructure and assets continue to be developed and invested in, highlighting low-carbon or ‘green’ hydrogen expansion as a more sustainable alternative. . The EU must “leapfrog” from fossil fuels to renewable energy to stay on track with a 1.5°C
Lesley Hughes , Climate Councillor, former IPCC author and Distinguished Professor of Biology at Macquarie University, labelled Australia as one of the most vulnerable developed countries to the impacts of climate change. As a nation, she said Australia has much to lose and everything to gain by acting decisively to get emissions plummeting.
From Stockholm to Vancouver, developments this week pointed to some of the challenges awaiting climate negotiators in Dubai. A selection of this week’s major stories impacting ESG investors, in five easy pieces.
We are nowhere near the end of this pandemic and it will be an ongoing situation until a vaccine is developed or effective cures and drugs are discovered. Additionally, divestment campaigns and the fear of strandedassets have become each new year more pressing. Japan has already planned USD 2.2 billion to do so.
Investment managers can expect to be grilled in future by their clients on a widening range of ESG topics from public policy engagement to work towards the UN’s Sustainable Development Goals (SDGs), according to behavioural benchmark company Accomplish. A long way to go”.
In this, ClientEarth alleges Shell “has failed in its duties to act in the best interests of the of the company and to act with due scare, skill and diligence by failing to develop and implement a climate strategy that aligns with the Paris Agreement goals, increasing its risk of strandedassets and having to make write-downs (due to both physical (..)
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content