Corporate Knights

SEPTEMBER 16, 2022

In a report released the same day, the three advocacy groups recommend that Ottawa ’ s banking regulator require financial institutions to adopt a “ credible climate plan ” that would include interim targets for 2025 and 2030. .

Banking 361

Banking Greenwashing Net Zero Climate Change 361

Corporate Knights

SEPTEMBER 27, 2023

Fossil fuel demand falls 25% by 2030, fossil sector methane emissions drop by three-quarters, energy efficiency adoption doubles, global renewable energy capacity triples, and annual clean energy investment rises from US$1.8 trillion by the early 2030s in the latest net-zero roadmap published this morning by the International Energy Agency.

Net Zero 311

Net Zero Stranded Assets Climate Change Development 311

GreenBiz

FEBRUARY 4, 2021

The Science Based Targets initiative makes clear that greenhouse gas (GHG) pollution must halve by 2030. Every dollar not spent in new ways to cut GHG and to stop the voracious linear economy is investing in future stranded assets. Pull Quote. Fink’s signal is not loud enough, especially for those in the back.

Net Zero 448

Net Zero Stranded Assets Climate Positive Climate Change 448

Chris Hall

JANUARY 30, 2024

Financial institution focus Following successful litigation in 2021, a Dutch court required Shell to slash its emissions by 45% by 2030 and held the firm responsible for Scope 3 emissions from its value chain.

Greenwashing 78

Greenwashing Stranded Assets Banking Net Zero 78

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 77

Stranded Assets Net Zero Clean Technology Global Economy 77

Corporate Knights

AUGUST 15, 2022

In April, 2021, Germany’s Constitutional Court declared that the country’s 2030 emission reduction targets were insufficient, lacking in detail, and therefore violated the fundamental rights of citizens—including the nine youth climate campaigners who originally launched the case.

Stranded Assets 353

Stranded Assets Shipping Net Zero Manufacturing 353

Corporate Knights

DECEMBER 6, 2023

At the COP28 climate summit in early December, the federal government announced new draft regulations that it says would result in a 75% reduction in methane emissions in the oil and gas sector from 2012 levels by 2030 while acknowledging that further work is required to accurately quantify methane emissions.

Net Zero 360

Net Zero Shipping Stranded Assets Climate Change 360

Corporate Knights

OCTOBER 11, 2022

Yet the pace and scale of their reductions is in the realm of what every company and country must do by 2030 to keep the faith of the Paris Agreement. About two-thirds of the GHG reductions achieved by these companies were genuine from the planet’s perspective; much of it came courtesy of efficiency measures or retiring polluting assets.

Divestment 358

Divestment CDP Stranded Assets Paris Agreement 358

Chris Hall

JANUARY 30, 2024

Financial institution focus Following successful litigation in 2021, a Dutch court required Shell to slash its emissions by 45% by 2030 and held the firm responsible for Scope 3 emissions from its value chain.

Greenwashing 57

Greenwashing Stranded Assets Net Zero Banking 57

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. oil and gas).

Stranded Assets 96

Stranded Assets Paris Agreement Net Zero Supply Chains 96

3BL Media

DECEMBER 9, 2023

managing $446 billion, announced plans to invest $100 billion in climate solutions by 2030. This year, a record $1.8 trillion was poured into clean energy investment alone, far outpacing investment in fossil fuel energy, according to the International Energy Agency.

Net Zero 147

Net Zero Stranded Assets Climate Change Manufacturing 147

Chris Hall

MAY 27, 2022

Climate-focused investors welcomed the change from the coal-wielding Scott Morrison, calling for an “investment grade 2030 emissions target”, and accompanying policy changes, including a National Transition Authority. Even so, we were reminded how far the G20 nations are from meeting their COP26 commitment to keep 1.5°C

Net Zero 52

Net Zero Stranded Assets Paris Agreement Greenwashing 52

3BL Media

MAY 17, 2022

To maintain a chance to avoid the worst climate impacts, science says we need rapid, deep emissions cuts – at least 50 percent by 2030. Meanwhile, the cost of climate damage , already in the hundreds of billions of dollars , will continue to mount. Today, we need three to six times more investment to maintain a livable climate.

Net Zero 130

Net Zero Climate Change Stranded Assets Supply Chains 130

3BL Media

DECEMBER 26, 2022

To reach the overall EU objective of a 55% reduction in emissions by 2030, the building sector would need to reduce its own emissions by 60% [2], this couldn’t be more demanding. Investment fonds are optimizing their property asset portfolios from an energy efficiency perspective.

Smart Buildings 130

Smart Buildings Digitalization Stranded Assets Value Creation 130

Chris Hall

AUGUST 23, 2023

“Physical risk represents an increasingly severe risk for investors, with the escalating climate and natural capital crisis leading to elevated risks of damage from extreme weather events, supply chain disruptions, stranded assets, productivity impacts, insurance unaffordability, just transition impacts, and potential economic instability,” said Robyn (..)

Stranded Assets 52

Stranded Assets Net Zero Climate Change Divestment 52

Chris Hall

JANUARY 3, 2024

Rasmussen expects the scheme to meet its target – self-imposed, but in line with the protocol set by the Net Zero Asset Owner Alliance (NZAOA) – to reduce greenhouse gas (GHG) emissions from its listed equities and corporate bonds by 45% by the end of 2024, from a 2018 base. Some managers might not cover Scope 3 emissions,” he notes.

Net Zero 70

Net Zero Paris Agreement Stranded Assets Climate Change 70

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.” In energy supply, solar and wind deliver by far the highest net emission reductions through 2030 at the lowest cost. The dangers of overshooting 1.5°C

Climate Change 276

Climate Change Decarbonize Stranded Assets Paris Agreement 276

Chris Hall

JUNE 23, 2022

The report warns that fossil fuel demand will peak as government policies to cut emissions, asset owners’ net-zero commitments and the rapid growth of clean energy technologies combine to transition the economy towards renewables. Nothing could be more clear or present than the danger of fossil fuel expansion. C goal. .

Net Zero 40

Net Zero Stranded Assets Paris Agreement Climate Change 40

We Mean Business Coalition

NOVEMBER 18, 2022

From an economic perspective, fossil fuels represent future indebtedness and stranded assets. and Japan pledged $20 billion of public and private finance to help Indonesia shut coal power plants and bring forward its power sector’s peak emissions date by seven years to 2030. . They are a poor investment.

Stranded Assets 52

Stranded Assets COP26 52

Chris Hall

FEBRUARY 11, 2022

But while BP’s actions and words on transition are streets ahead of most peers, it still envisages 50% of capex being focused on traditional operations by 2030. The UK firm’s updated net zero strategy was hailed by some as a blueprint for the industry, and was welcomed by major investors.

Net Zero 52

Net Zero Supply Chains Supply Chain Stranded Assets 52

Chris Hall

MARCH 2, 2022

Last summer, the European Commission launched a raft of climate-related legislation – ‘ Fit for 55 ’ (Ff55) – to reduce net EU emissions by 55% by 2030 from 1990 levels. It includes a proposal for amending the 2009 Renewable Energy Directive to increase its target for renewables to 40% of its overall energy mix by 2030.

Net Zero 98

Net Zero Stranded Assets Global Economy Supply Chains 98

Chris Hall

MAY 26, 2022

The report further warns against blending hydrogen with gas by retrofitting existing infrastructure, arguing that it will realise limited emissions reductions, while increasing the risk of stranded assets.

Stranded Assets 52

Stranded Assets Development 52

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.

Net Zero 98

Net Zero Stranded Assets Banking Development 98

Chris Hall

APRIL 14, 2023

These shareholder proposals also encourage banks to be mindful of facilitating and upholding business plans that invest in the development of new assets at disproportionate risk of becoming stranded assets. Proponents of the resolutions acknowledge the near-term need for fossil fuels. US and Canadian banks need to get on board.

Banking 98

Banking Greenwashing Net Zero Stranded Assets 98

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

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.

Net Zero 52

Net Zero Stranded Assets COP26 Development 52

Chris Hall

APRIL 13, 2022

The shareholder resolution encourages TotalEnergies to become “the first oil and gas giant that has its targets for 2030 completely 1.5°C C aligned and be an example for others in the sector”, he added. Pressure on Amazon.

Paris Agreement 98

Paris Agreement Net Zero Greenhouse Gas Protocol Stranded Assets 98

We Mean Business Coalition

JUNE 25, 2022

These companies are publicly calling for bold policy changes, like phasing out coal by 2030, ending fossil fuel financing this year and decarbonizing power systems in the G7 by 2035. . By 2030, households across G7 countries could be spending $500 less per person on electricity, natural gas and petrol.

Stranded Assets 52

Stranded Assets Decarbonize Net Zero Waste 52

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.

Net Zero 147

Net Zero Divestment Banking Stranded Assets 147

Sustainable Development Network

AUGUST 30, 2019

A common message from Professor Jeffrey Sachs, Director of SDSN, is the critical need to articulate a clear long-term vision and not an incremental approach in order to avoid stranded assets and technology lock-in which will inhibit the energy transformation necessary to achieve the Paris Agreement goals.

Paris Agreement 52

Paris Agreement Stranded Assets Decarbonize Climate Change 52

Chris Hall

MARCH 31, 2023

Exercising influence Worldwide, i nvestments in nature-based solutions (NbS), such as reforestation, or flood recovery, need to more than double by 2030 to US$384 billion, and the newly agreed Global Biodiversity Framework calls for at least US$200 billion of private sector capital a year. The capacity to employ this capital is huge.

Net Zero 98

Net Zero Supply Chains Supply Chain Stranded Assets 98

Chris Hall

AUGUST 12, 2022

The primer added: “Challenges to the actions – and inactions – of companies and their directors are starting to emerge,” citing the judgment in the Netherlands on May 26 2021, ordering Royal Dutch Shell reduce its CO2 emissions by 45% from 2019 levels by the end of 2030.”.

Climate Change 52

Climate Change Stranded Assets Paris Agreement UNEP 52

Chris Hall

MAY 19, 2023

These and other policies introduced by governments globally have led the IEA to predict that global clean energy investments will rise by more than US$2 trillion a year by 2030, a 50% increase from today. The cost of renewables is now less than other forms of power, and global sentiment is turning against coal and other fossil fuels.

Net Zero 52

Net Zero Stranded Assets Development Decarbonize 52

3BL Media

FEBRUARY 11, 2022

This massive energy consumption comes with a hefty carbon footprint that would thwart the global effort to halve carbon emissions before 2030. VM Desired State Configuration (VMDSC), a downloadable vCenter appliance , addresses this issue — making it easy and low-risk to resize VMs and recover stranded assets for productive use.

Zero Carbon 130

Zero Carbon Development Decarbonize Stranded Assets 130

3BL Media

MARCH 25, 2022

The evolving climate drives physical risks—damaged or stranded assets and business-interruption costs from severe weather events. Climate Value at Risk (CVaR)* is the economic value of physical and transition risks plus technological opportunities—one way of measuring the financial impact of climate change.

Climate Change 244

Climate Change Supply Chains Supply Chain Stranded Assets 244

Chris Hall

APRIL 21, 2023

Danielle Fugere, President of As You Sow, told onlookers how climate change poses growing risks to banks, such as stranded assets on balance sheets, client destabilisation, and potentially higher capital requirements from regulatory bodies, as well as new opportunities. “The proposals ask banks to set 2030 targets and describe their transition plan (..)

Banking 52

Banking Net Zero Stranded Assets Climate Change 52

Chris Hall

NOVEMBER 3, 2023

“It is essential to avoid the scenario where one claims to have carried out a comprehensive assessment, but the outcome is essentially non-informative,” he says. Currently, the time horizon for the exercise is set for 2030, however, Philipponnat notes that it is widely agreed among economists that the significant impact of climate change on GDP (..)

Paris Agreement 94

Paris Agreement Climate Change Stranded Assets Global Economy 94