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

Corporate Knights

JULY 25, 2023

In 2020, a blistering analysis showed Canada leading the G20 countries in per capita public financing to oil and gas. That work was meant to conclude by 2020. billion in 2020/21 and another $1.5 Those guidelines are due to be released in 2024. billion for the first nine months of 2021/22. Carbon Capture Backed by Carbon Offsets?

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Paris Agreement Bend the Curve Carbon Offsets Stranded Assets 246

3BL Media

AUGUST 8, 2022

In September 2020, five of the major global reporting organizations came together to form the Comprehensive Reporting group, signaling their intent to work towards a common framework with a single set of global reporting standards.

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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

Envirotec Magazine

SEPTEMBER 17, 2021

This stands in contrast with China’s domestic energy policy, which is prioritizing a transition to renewable energy, peak emissions before 2030 and a net-zero economy by 2060. Of course, China is not the only culprit. The full knowledge brief is available here.

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Chris Hall

MARCH 2, 2022

In 2020, Eurostat reported that renewable energy made up 22.1% of the EU’s gross electricity consumption in 2020, said Eurostat, of which two thirds was produced by wind and hydropower. Increasing gas infrastructure must be avoided to avert dangerous climate impacts and stranded assets.”.

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Net Zero Stranded Assets Global Economy Supply Chains 98

Chris Hall

JUNE 2, 2022

The Monetary Authority of Singapore (MAS) has published new information papers on environmental risk management for banks , insurers and asset managers. Many asset managers have also made public commitments to sustainable investing, and a few have pledged to achieve net zero emissions for their investment portfolios by 2050.

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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. In 2020, U.S.

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Chris Hall

APRIL 20, 2022

Net-zero CO2 energy systems entail: a substantial reduction in overall fossil fuel use, minimal use of unabated fossil fuels, and use of CCS in the remaining fossil system,” says the report. C or below will leave a substantial amount of fossil fuels unburned and could strand considerable fossil fuel infrastructure.

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Chris Hall

OCTOBER 27, 2023

In its latest and last status report , the TCFD said that 58% of companies now disclose in line with at least five of the its 11 recommended disclosures, up from 18% in 2020. But once those concessions are included in protected areas, the ability of those companies to exploit or operationalise those assets becomes much more challenging.

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Chris Hall

APRIL 5, 2022

In November 2020, investors sent letters outlining their expectations to 36 companies. . Important matters, such as physical impacts or the potential for further regulatory change and what this could mean in terms of stranded assets or any other material outcomes, are routinely failing to be disclosed.

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Climate Change Stranded Assets Net Zero Impact Investing 52

Chris Hall

JULY 14, 2023

According to research by MSCI, nearly half (44%) of listed companies have now set decarbonisation targets, representing an eight-percentage-point increase than was reported in the October 2022 MSCI Net-Zero Tracker , but only 17% of those targets would align with the 1.5°C of global GDP, in 2020, and are expected to increase to 7.4%

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Chris Hall

NOVEMBER 16, 2022

Mobilising public and private capital to fund the net zero transition efforts of emerging markets and developing economies (EMDEs) has been a central theme of discussions at COP27 in Egypt. . They receive mixed signals from their stakeholders and regulators on the appropriate role carbon credits play in net zero strategies.” .

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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).

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Climate Change Net Zero Stranded Assets Shipping 317

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

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Chris Hall

APRIL 27, 2022

With the transport sector a significant generator of greenhouse gas emissions, electric vehicles are an important element of the net zero transition. More electric cars were sold in 2021 in China alone than were sold in the entire world in 2020. In 2021, global electric vehicle (EV) sales more than doubled to 6.6

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Chris Hall

APRIL 22, 2025

Increasing scrutiny highlights growing divide between leaders and laggards, with asset owners attempting to close the gap. The banking sectors journey to net zero emissions has the potential to deliver or dash global climate ambitions but that journey is fraught with challenges and complications.

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