Corporate Knights

DECEMBER 9, 2022

The clean energy transition is happening faster than predicted, with renewable deployment rates growing in line with the International Energy Agency’s scenario for reaching net-zero by 2050. While Canadian energy majors have paid lip service to the idea of becoming “net-zero,” their current climate strategies amount to delay tactics.

Stranded Assets 296

Stranded Assets Net Zero Supply Chain Supply Chains 296

Corporate Knights

MARCH 22, 2023

Our new report, produced in collaboration with the Ottawa-based Smart Prosperity Institute and funded by the Trottier Family Foundation, finds that pension managers’ support for the green transition is growing but still nowhere near the pace required to meet global net-zero-carbon targets. 79000 0.14

Net Zero 304

Net Zero Stranded Assets Sustainable Investment Zero Carbon 304

Environmental News Bits

SEPTEMBER 29, 2021

Download the document.

Stranded Assets 81

Stranded Assets Net Zero Climate Change 81

GreenBiz

MAY 20, 2021

In its landmark Net Zero report , the IEA said that there is still a path to limit global warming to 1.5 If the world heeds that advice, we’ll leave a lot of stranded assets lying around. degrees Celsius and avert the worst effects of climate change, but to do so we have to cease oil and gas exploration immediately.

Stranded Assets 322

Stranded Assets Net Zero Regenerative Sustainability Professional 322

Corporate Knights

FEBRUARY 8, 2023

While the grid operators in Ontario and Alberta are both “investigating pathways to a net-zero power grid,” CEC points to a fatal flaw in their analysis — they rely too often on obsolete data that may go back as far as 2001, or draw from experience in other countries.

Net Zero 315

Net Zero Stranded Assets 315

3BL Media

SEPTEMBER 29, 2023

Those organisations that have not considered reducing these emission sources could be misunderstanding the double materiality risks they carry: the risks to their business, like stranded assets or reputational risks, and their contribution to making the Earth uninhabitable. However, greater action is required to fully realise this.

Net Zero 113

Net Zero Divestment Banking Stranded Assets 113

Chris Hall

JANUARY 3, 2024

C, and investee companies are not yet facing full scrutiny of their net zero transition strategies, posing challenges for institutional investors committed to decarbonising their portfolios in line with the Paris Agreement. Others might set a target for some or all portfolio companies to be net zero aligned by 2030.

Net Zero 72

Net Zero Paris Agreement Stranded Assets Climate Change 72

Corporate Knights

OCTOBER 7, 2024

The second aim states that signatories should achieve net-zero emissions from electricity consumption by 2030. Is Bitcoin the next stranded asset? Recent developments in technology suggest the industry has started putting plans into action, with the appearance of sustainable tools and infrastructures. But there's a catch.

Decarbonize 276

Decarbonize Stranded Assets Green Bonds Net Zero 276

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. The International Energy Agency has said the world needs to cut 90% of coal use by 2050 and phase out all unabated coal power plants by 2040 to achieve net zero by the mid-century.

Net Zero 64

Net Zero Stranded Assets Paris Agreement Banking 64

Corporate Knights

JUNE 14, 2024

Canadian provinces must rein in their expanding gas systems or risk incurring staggering costs from stranded assets and failure to meet net-zero targets, the Canadian Climate Institute (CCI) warns in a new report. between 2005 and 2022.

Net Zero 159

Net Zero Stranded Assets Decarbonize 159

Corporate Knights

AUGUST 15, 2022

A week later, then-finance minister Scholz announced a 65% emissions reduction target for 2030 and a 2045 deadline to bring emissions to net-zero. Building a new LNG export facility in Canada sounds like an enormous stranded asset in the making.”.

Stranded Assets 354

Stranded Assets Shipping Net Zero Manufacturing 354

Corporate Knights

JUNE 19, 2024

For the FNMPC, that equity should come as broadly as possible – including through the inclusion of Indigenous communities in the development of a greener grid that enables Canada to reach net-zero. These plants will need to develop plans to meet Alberta’s net-zero grid targets by 2050 given that new plants may run for decades to come.

Stranded Assets 179

Stranded Assets Net Zero Development Banking 179

Chris Hall

OCTOBER 22, 2024

This is according to a study by global asset manager Invesco and Sweden’s fourth national pension fund, AP4, who recently partnered up to explore the road to net zero for institutional investors. It now aims to further halve its emissions by 2030 compared to 2020 levels – with the long-term goal of achieving net zero by 2040. “We

Net Zero 52

Net Zero Paris Agreement Divestment Stranded Assets 52

Corporate Knights

JANUARY 25, 2023

BASF resists the characterization, pointing to its track record – since 1990, the company has reduced its greenhouse gas emissions by 50% – and its objective to achieve net-zero by 2050 (five years later than the German national target of 2045).

Climate Change 315

Climate Change Net Zero Stranded Assets Shipping 315

Chris Hall

OCTOBER 28, 2022

Orderly path to net zero requires social and natural dimensions to be built into transition plans. . Workers, suppliers, communities and consumers should not be forgotten by institutional investors when developing net zero transition strategies. . Building blocks . Building blocks .

Net Zero 98

Net Zero Stranded Assets Banking Development 98

3BL Media

DECEMBER 9, 2023

This step, which doubles down on the pension fund’s climate investing plans for the next seven years, underpins the comprehensive strategy that CalPERS laid out for achieving its goal of cutting emissions from its portfolio investments to net zero by 2050 while assuring long-term financial results for its pensioners.

Net Zero 147

Net Zero Stranded Assets Climate Change Manufacturing 147

3BL Media

MAY 17, 2022

The financial system is increasingly seen as crucial to averting such a scenario – not only to shift toward green investments, like renewable energy, but also to reallocate capital from fossil fuel-related investments to be consistent with net-zero goals. Today, we need three to six times more investment to maintain a livable climate.

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Net Zero Climate Change Stranded Assets Supply Chain 130

ESG Today

JANUARY 8, 2024

In his letter, however, Skidmore, while acknowledging “a role for oil and gas in the transition to net zero,” notes that the IEA and UNCCC have said that reaching net zero by 2050 and limiting temperature rise to 1.5C

Net Zero 90

Net Zero Stranded Assets Waste 90

ESG Today

MAY 7, 2024

Over a 3-year horizon, however, decarbonization was the most-often cited strategic priority, at 43%. Additionally, both CEOs (75%) and investors (70%) broadly agree that technology and AI hold the answers to many of the key sustainability challenges facing their companies.

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Stranded Assets Decarbonize Net Zero Greenwashing 136

Environmental Finance

MAY 14, 2024

"Considerable economic disruption" from policies to support the transition to net zero is likely, feeding inflation in the near term and raising the risk of stranded assets and asset bubbles, according to research by Pictet Asset Management and the Institute of International Finance (IIF).

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Stranded Assets Net Zero 45

We Mean Business Coalition

FEBRUARY 20, 2025

Or that slashing regulation means being more competitive, even though a fossil fuel-led race to the bottom exposes our economies to insecurity, instability and stranded assets. There is a better story to tell one rooted in both present market realities and a vision of a liveable and prosperous future.

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Stranded Assets Paris Agreement Net Zero Supply Chain 52

ESG Today

MARCH 14, 2024

In 2020, Shell announced a commitment to achieve net zero in its operations by 2050, and in 2021, the company launched its “Powering Progress” strategy , detailing how it will achieve its target to be a net-zero energy business by 2050 across Scope 1, 2 and 3 emissions, with initiatives including investing in renewable and clean energy solutions.

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Net Zero Stranded Assets Paris Agreement Climate Change 104

ESG Today

JANUARY 25, 2023

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 “stranded assets.” To prevent this, governments must make a long-term commitment to a green energy source such as hydrogen or nuclear.

Stranded Assets 104

Stranded Assets Paris Agreement Net Zero Supply Chain 104

Chris Hall

FEBRUARY 3, 2023

Research by the International Energy Agency (IEA) shows that a major push on energy efficiency could save the equivalent of China’s annual energy usage, as well as 33% of the total additional net zero emission reductions required by 2030. It is also a positive stimulator of growth.”

Net Zero 98

Net Zero Stranded Assets Banking Development 98

Chris Hall

OCTOBER 10, 2024

Panellists warned PRI in Person delegates against the risk of stranded assets, insisting on the need to prepare society for challenges to come. Another dire report today…” commented Catherine McKenna, former Canadian environment minister and Chair of the UN Secretary-General’s High-level Expert Group on Net Zero Emissions Commitments.

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Stranded Assets Net Zero Development Analytics 98

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.

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Stranded Assets Net Zero Clean Technology Global Economy 97

Chris Hall

SEPTEMBER 13, 2023

The UK’s net zero transition depends on huge amounts of private capital that can only be unlocked through climate policy certainty. According to the CCC report, the UK will continue to need some oil and gas fields until it reaches net zero, but this “does not in itself justify the development of new North Sea fields”.

Net Zero 89

Net Zero Climate Change Stranded Assets Green Investing 89

Chris Hall

MAY 12, 2022

Ex-BoE chief calls for “radical new approach” to mobilising investment in emerging and developed markets; also warns of stranded assets. Carney was speaking at the Net Zero Delivery Summit, organised by the City of London Corporation, in association with COP26 Presidency UK and GFANZ. C net zero transition.

Stranded Assets 52

Stranded Assets Net Zero COP26 Banking 52

Chris Hall

OCTOBER 17, 2024

Embodied carbon identified in latest GRESB real estate benchmark results as major gap in net zero plans. Schroders, Man Group and Resonance were named as asset managers backing the government’s ambition to increase access to social and environmentally sustainable housing, as well as providing support for the homeless.

Embodied Carbon 59

Embodied Carbon Net Zero Stranded Assets Zero Carbon 59

Chris Hall

APRIL 13, 2022

CME Energy, a US-based utility company, has agreed to expand the scope of its net zero GHG emissions commitment to include its natural gas production and delivery system by 2050, in response to a shareholder proposal filed by the Sisters of the Presentation of the Blessed Virgin Mary of Aberdeen, South Dakota. Pressure on Amazon.

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Paris Agreement Net Zero Greenhouse Gas Protocol Stranded Assets 98

Chris Hall

SEPTEMBER 13, 2024

Such outcomes help high-emitting companies to avoid stranded assets and greater transition risks, and help reduce emissions that will lead to enormous sustained losses to the global economy and investment returns (without action, research from BlackRock estimates a 25% loss in global economy output in the next two decades).

Global Economy 84

Global Economy Stranded Assets Net Zero Greenwashing 84

3BL Media

AUGUST 23, 2022

When planning phases span decades, it is important to avoid the consequences of getting locked into path dependency or stranded assets by having a clear understanding of technology maturity and cost. “Decarbonisation strategies require the long view.

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Stranded Assets Net Zero Development 100

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 some meeting participants warned that those delays are baked into the process by some of the key assumptions in the IPCC’s modelling. Overshooting 1.5°C

Climate Change 285

Climate Change Stranded Assets Decarbonize Paris Agreement 285

Chris Hall

OCTOBER 10, 2022

Financial institutions need to segment their portfolios into transition, net zero-aligned and stranded assets 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).

Net Zero 52

Net Zero Stranded Assets Banking UNEP 52

Chris Hall

AUGUST 23, 2023

With global trade highly dependent on shipping, achieving net zero may put wind in the sails of other industries’ climate ambitions. For the first time, the IMO has also agreed on an overarching objective to achieve net zero greenhouse gas (GHG) emissions by or around 2050.

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Shipping Net Zero Stranded Assets Development 81

Chris Hall

JUNE 21, 2023

billion to acquire 335 million barrels of oil in Texas and Mexico,” said Patrick DeRochie, Senior Manager of Shift. “The CPPIB is risking our national retirement fund on stranded assets and investing in a future of ever-worsening climate disaster.” The post CAFA to Catapult Canada to Climate Leader appeared first on ESG Investor.

Banking 97

Banking Net Zero Stranded Assets Climate Change 97

Chris Hall

JANUARY 30, 2024

Successful litigation forcing companies to recognise stranded assets, accelerate their net zero transition, or pay damages for their contribution to environmental and human rights harms could pose significant financial shocks in some industries, with investors paying the price.”

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Greenwashing Stranded Assets Net Zero Banking 80