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
Network operators want consumers to pay more for gas pipeline access, because they fear accelerated switch to all electric homes will leave their assetsstranded. The post Death spiral: Network blows up renewable gas claims, wants to hit consumers for cost of strandedassets appeared first on RenewEconomy.
The post “Makes no sense:” Push for new gas pipelines could create $A675bn of strandedassets appeared first on RenewEconomy. A US$500 billion global rush to build new gas pipelines - including Australia's "gas fired recovery" - undermines efforts to achieve zero net goals.
The post Gas network death spiral: Pressure mounts to protect consumers from cost of strandedassets appeared first on RenewEconomy. Energy Consumers Australia is proposing four rule changes to make gas networks justify capital spending and new customers pay up front to connect to the diminishing fossil network.
Continued investment in carbon-intensive industries will drastically increase the amount of 'strandedassets' as the world moves to net-zero emissions, researchers warn.
New report says steel makers counting on carbon capture to slash emissions are at risk of creating strandedassets. The post Carbon capture won’t work for iron makers and steel makers, new report says appeared first on RenewEconomy.
Households in Victoria could soon be required to pay up front for a new connection to the gas network to defray cost of strandedassets for other users. The post New blow to fossil gas as regulator shifts death spiral risk to new connections appeared first on RenewEconomy.
The post New poster child for strandedassets: Dakota Access Pipeline appeared first on ImpactAlpha. The contested pipeline, opposed by the Standing Rock Sioux Tribe and a broad coalition of activists, was increasingly an economic millstone.
20: Investors share experiences in getting their assets off the sidelines (video). The post The Brief: Assets off the sidelines (video), Erie’s opportunity zones, Netflix banks Black, carbon tax on meat, Big Energy’s strandedassets appeared first on ImpactAlpha. Featured: Agents of Impact Call No.
Living Cities’ Demetric Duckett, Cambridge Associates’ Sarah Hoyt, Sinclair Capital’s Jon Lukomnik and The Investment Integration Project’s Bill Burckart join ImpactAlpha’s David Bank, Monique Aiken and other Agents of Impact, Thursday, The post The Brief: Hourly employee ownership, seeding vertical farms, eco-packaging, e-motorcycles in Brazil, tropical (..)
Even if the new well is a success, future government policies designed to slow climate change could make the project unprofitable or force it to shut down years … Continue reading Who really owns the oil industry’s future strandedassets? If you own investment funds or expect a pension, it might be you.
The post The Brief: Building community wealth, alt-home-financing, curbing construction carbon, employee financial health, BP’s strandedassets appeared first on ImpactAlpha. ImpactAlpha’s next Agents of Impact call will explore how to ramp up.
Could plastic become the next strandedasset? Oil and gas companies are accelerating investment in plastics, in response to the shift away from fossil fuels. But is this pivot sustainable?
Investors are already concerned about strandedasset risk in large swathes of the economy, such as energy, utilities, transportation and infrastructure. To reduce this risk, regulators in the U.S.
Governments should compensate oil and gas investors for strandedassets to avoid costly tribunals, the International Institute for Sustainable Development (IISD) has said.
Strandedassets Speaking later with ESG Investor , Lord Deben stressed that strandedassets – when investment assets become liabilities – will present a significant challenge for investors in the transition to a low-carbon economy. It’ll be a mess.”
If the world heeds that advice, we’ll leave a lot of strandedassets lying around. Of course, a chorus of activist investors have been pressing investors, banks and companies to examine their risks on stranded oil and gas assets for more than a decade, knowing this day would arrive.
To climate-focused investors, the continued investment in fossil fuels and the scaling back of climate targets is shortsighted given what they see as the need for BP to decouple itself from oil and gas production or face future risks of litigation , regulation and strandedassets.
Is Bitcoin the next strandedasset? Recent developments in technology suggest the industry has started putting plans into action, with the appearance of sustainable tools and infrastructures. RELATED: Ethereum goes green overnight. But there's a catch.
Every dollar not spent in new ways to cut GHG and to stop the voracious linear economy is investing in future strandedassets. For investors, the acceleration question is: What are the companies in your portfolio doing in 2021 to cut pollution by 10 to 15 percent this year?
A study published in the journal Nature found that Canada alone will face $100 billion in strandedassets by 2036, representing 35% of the book value of oil and gas properties for all oil and gas issuers listed on the Toronto Stock Exchange.
Dave Jones was California’s state insurance commissioner eight years ago when the then-novel idea of fossil fuel “strandedassets” caught his attention. The post California’s climate-risk pioneer Dave Jones on our march ‘toward an uninsurable future’ (Q&A) appeared first on ImpactAlpha.
Physical risks, strandedassets and greater firm default risk expose… Read more → Both climate change and the transition to a carbon neutral economy pose substantial challenges for the economy and the financial system, with the potential to affect growth and inflation in the short term, but also over much longer horizons.
The focus of our argument beyond reduction of GHG emissions was that the installation of natural-gas-fed electric power generators would be a “strandedasset.” Strandedassets are unable to earn their original economic return due to changes in the landscape in which the assets operate.
While some investments are neutral (deemed neither “clean” nor “dirty”), in many cases these companies are still investing most of their capital into assets that will either lock in further GHG emissions or become strandedassets as the energy transition takes shape. dollars) through 2030.
Research commissioned by the Changing Markets Foundation surveying 201 respondents from the investment community shows that 82% agreed that climate change presents a material risk to meat and dairy industry-related investments and 84% believe that a lack of mitigation of climate change could lead to strandedassets in this industry.
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.
The EU should create a framework to account for the depreciation of highly polluting assets "at risk of becoming stranded" to help financial institutions assess the credibility of transition plans, it has been told by advisers.
Originally posted here. Broken Window Economics: an event that seems to be beneficial for those immediately involved can have negative economic consequences for many others. The US and most countries have energy economies based on fossil fuels, plus contributions from nuclear, hydro, geothermal and biomass.
6 – The risk that fossil fuel investments will become ‘strandedassets’ went from fringe thesis to mainstream preoccupation in what must be near-record time. ImpactAlpha, Dec. It’s not a theory: this week, the Spanish oil producer Repsol took a $5.3
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.”.
These represent a strandedasset risk of hundreds of billions of dollars and potentially locking in tens of billions of tonnes of carbon dioxide (CO2) emissions.” So far, about one-quarter of the new plants are under construction, GEM reported.
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.
As the financial sector increasingly recognises the importance of biodiversity, the risks of inaction are clear: increased operational costs, strandedassets, and diminished portfolio performance.
"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 strandedassets and asset bubbles, according to research by Pictet Asset Management and the Institute of International Finance (IIF).
Two thirds of unplanted concessions in Indonesia could be strandedassets by 2040, due to efforts to reduce the sector's impact on forests. But companies that grow sustainably could win big, a new study predicts.
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.” To prevent this, governments must make a long-term commitment to a green energy source such as hydrogen or nuclear.
Despite a movement into 'cleaner' assets, Chinese banks have yet to shift away from coal, which risks leaving many with strandedassets, Sustainable Fitch has said.
Japan's six largest banks and energy companies have been hit by shareholder calls to disclose decarbonisation plans, over concerns that fossil fuel expansion will result in strandedassets.
Jay, along with Keith Schue, explained how geothermal heating/cooling works and showed why using it along with solar power for the electricity would be a better choice the Empire State Plaza.
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.
Strandedassets, defaults in thermal power, steel and cement sectors may increase if companies do not shift to low-carbon alternatives. The People’s Bank of China (PBOC) has revealed the results of its first phase of climate risk stress tests of major banks in the country.
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