Sentences with phrase «unburnable carbon»
The phrase "unburnable carbon" refers to fossil fuel reserves, such as coal, oil, and gas, that cannot be used or burned if we want to prevent catastrophic climate change. These reserves need to remain underground and untouched to limit the release of greenhouse gases into the atmosphere. Full definition
Different organisations may apply a range of carbon budgets, meaning the precise amount of unburnable carbon cited varies.
carbontracker.org
While the Obama Administration has been clear on its commitment to climate action, they continue to allow companies like Royal Dutch Shell to sink billions of dollars in the hunt for unburnable carbon in the U.S. Arctic Ocean off the coast of Alaska.
In recent months there has been a renewed look at the idea of a financial carbon bubble, or unburnable carbon reserves.
Paul Spedding, an oil and gas analyst at HSBC, said: «The scale of «listed» unburnable carbon revealed in this report is astonishing.
In 2015 Carbon Tracker presented the stranded assets / unburnable carbon idea to a full meeting of central banks and regulators at the Financial Stability Board meeting on climate change hosted by Mark Carney, effectively contributing to the creation of the Task Force on Climate - related Financial Disclosures (TCFD).
As Carbon Tracker demonstrated with its seminal unburnable carbon and stranded assets reports, the smaller the carbon budget then the greater the scale of fossil fuel assets that must stay in the ground.
The Carbon Tracker Initiative, a nonprofit organization that studies carbon budgets, has warned that the remaining vast reserves of unburnable carbon will become stranded assets.
The World Bank must restructure its energy portfolio to end all coal support, stop financing the search for unburnable carbon, and prioritize clean renewable energy and energy access.
He was way ahead of the game before the more recent pronouncements of unburnable carbon and «stranded assets ``.
Several recent reports suggest that markets are now overlooking the risk of «unburnable carbon».
Buzz phrase of moment: «unburnable carbon.»
A new buzz phrase in the push to limit greenhouse gas emissions is «unburnable carbon» — an effort to define and then wall off the portion of the world's still - vast reserves of coal, oil or natural gas that might, if combusted, cause unacceptably costly or dangerous climate change.
During 2014, following in the footsteps of Shell and ExxonMobil, oil and gas industry association IPIECA published a «fact sheet» called «Exploring the concept of «unburnable carbon» in June and energy consultancy IHS Herold released a special report in July (dated September) titled «Deflating the «Carbon Bubble:» Reality of oil and gas company valuation».
The think - thanks research to date on «unburnable carbon», the «carbon bubble», and stranded assets has ignited a new global debate on how to align the financial system with the energy transition to a low carbon future.
The combination of needing to limit carbon dioxide emissions and having fossil fuel companies that are valued by their proven reserves is what Carbon Tracker, a non-profit organization, is calling the «Carbon Bubble» in their new report, «Unburnable carbon 2013: Wasted capital and stranded assets.»
In January, HSBC said in its «unburnable carbon» report the market value of oil majors such as Shell, BP and Statoil were at risk because they could be forced to leave much of their resources in the ground.
It has cemented the terms «carbon bubble», «unburnable carbon» and «stranded assets» into the financial and environmental lexicon.
And, no, the former VP is hardly the inspiration for the «unburnable carbon» or «carbon asset bubble» thesis (the folks behind Investor Watch have been leaning into this for a half - dozen years and, more recently, issuing a series of The Carbon Tracker reports).
Carbon Tracker Research Director James Leaton said: «Investors need to challenge the assumption that coal demand will continue to rise in China and elsewhere, otherwise billions of dollars of taxpayer, superannuation and shareholder funds will be wasted in assets linked to unburnable carbon.»
The reporting survey indicated that the issue of unburnable carbon is not being addressed, and the current strategies laid out in annual reports talk of growth that is incompatible with emissions limits.
All this has been clear for years, and widely known since Bill McKibben put «unburnable carbon» onto the map last year in his great Rolling Stone piece.
This question related to the fact that there is unburnable carbon, and some of that is owned by listed companies.
It was last September, and Carney, presently the head of the Bank of England, had signalled to British parliamentarians that his institution, and the international Financial Stability Board, which he chairs, had just begun an in - depth examination of the systemic risks posed not just by climate change, but by the «unburnable carbon» thesis advanced by the Carbon Tracker Initiative several years prior.
Finally, introducing terms such as «stranded assets» and «unburnable carbon», Carbon Tracker created a new financial lexicon, with the Wall Street Journal declaring that «the concept of the carbon bubble has gone mainstream».
«If the unburnable carbon scenario does occur, it is difficult to see how the value of fossil fuel reserves can be maintained, so we see few options for risk mitigation.»
«This «unburnable carbon» is likely to become an increasing risk in the medium to long term, especially for companies heavily invested in thermal coal, or those seeking to develop new long - term assets,» Corboy said in a statement.
Setting the agenda around our key concepts of carbon bubble, unburnable carbon and stranded asset, the report gained widespread attention across range of sectors including the financial, political, academic and the environmental.
Mark is the Founder of the Carbon Tracker Initiative and conceived the «unburnable carbon» capital markets thesis.
The idea of «unburnable carbon» is published for the first time by Mark Campanale, Founder of Carbon Tracker, and Nick Robins, now Co-Director at the UNEP Inquiry into the Design of a Sustainable Financial System, on the UK Quality of Life Commission's website.
Even as renewables take off, every year more and more of that unburnable carbon is being locked into production.
Lay out investment alternatives, considering how other investors are approaching unburnable carbon.
Unburnable carbon 2013: Wasted capital and stranded assets has revealed that fossil fuel reserves already far exceed the carbon budget to avoid global warming of 2 °C, but in spite of this, spent $ 674billion last year to find and develop new potentially stranded assets.
Politicians are also stepping into the unburnable carbon discussion.
A future not of peak oil but rather of unburnable carbon.
This related to the fact that there is unburnable carbon and some of that is owned by listed companies.
However, we believe that the unburnable carbon approach to assessing the impact of potential climate regulation on a company's value oversimplifies the complexity of the issue and overstates the potential financial impact.»