Remove Climate Change Remove Definition Remove Paris Agreement Remove Stranded Assets
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Beware the Green Swan

Chris Hall

Thierry Philipponnat, Chief Economist at Finance Watch, warns that economic modelling must evolve to prompt policymakers to take action on climate. As these perilous climate projections unfold, one might expect an inevitable upheaval in the global economy. The purpose is to evaluate the impact of climate change on the financial system.

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All Systems go for Net Zero

Chris Hall

COP28 reminded investors of the difficulties involved in reaching inter-governmental consensus on intensifying climate action. It could also accelerate the nascent shift toward a broader definition of stewardship, as well as a possible rethink around the obligations of fiduciary duty.

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At long last, Canada restricts oil and gas subsidies (except for all the loopholes)

Corporate Knights

The new guidelines detail the process and definitions behind the oil and gas subsidy phaseout. The definition covers initiatives that support fossil fuel consumption or activities, and funding that disproportionately benefits the fossil fuel sector. Carbon Capture Backed by Carbon Offsets?

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Investors Search for Answers

Chris Hall

And while there are instructive parallels with the catalytic impact of the Paris Agreement on identifying and mitigating climate risks by the private sector, there are also important differences. For investors and companies with assets within those key biodiversity areas, this raises the issue of stranded assets.