Sentences with phrase «carbon bubble risk»

In response to growing calls from investors and mounting concerns about so - called carbon bubble risk, the TCFD earlier this year recommended that listed firms publicly report on how climate change and the low carbon transition could affect their business.

Releasing a report responding to Ceres — a group made up of institutional investors which has for years been pushing resource companies to disclose their carbon bubble risks — Exxon vice-president of corporate strategic planning William Colton said, «All of ExxonMobil's current hydrocarbon reserves will be needed, along with substantial future industry investments, to address global energy needs.»

«Carbon Tracker has been one of the most important developments in the environmental space in a decade and the judges were united in their praise for this agenda - setting NGO and its hugely influential campaign to drive awareness of carbon bubble risks.

The inaugural conference will take place this September and will address the crucial topic of TCFD climate reporting and the carbon bubble risks it seeks to address.

Not exact matches

A small but growing number of countries now have legal requirements for institutional investors to report on how their investment policies and performance are affected by environmental factors, including South Africa and, prospectively, the EU.36 Concern about the risks of a «carbon bubble» — that highly valued fossil fuel assets and investments could be devalued or «stranded» under future, more stringent climate policies — prompted G20 Finance Ministers and Central Bank Governors in April 2015 to ask the Financial Stability Board in Basel to convene an inquiry into how the financial sector can take account of climate - related issues.37

Exposing «carbon bubbles» The big challenge — and a critically important first step goal — is the «hardwiring of climate risk into governance structures.»

«It doesn't represent risk today,» said Hobley of the carbon bubble concept.

Artist Statement «Divesting from fossil fuels helps protect investors from trillions in financial risk from the «carbon bubble» and directs new funding to clean energy generation.

The Carbon Tracker Initiative, which first coined the term the «carbon bubble», foresaw last year that any oil price slide would make many unconventional and high - cost oil projects uneconomic and risked wasting huge piles of investors» cash.

This paper is designed to assist the TCFD members in assessing the «carbon bubble» concept and «stranded asset» risks inherent in the business - as - usual strategies of many fossil fuel companies.

The assertion of a carbon bubble in fossil fuel assets ultimately depends on investor ignorance of climate - response risks, presumably because companies haven't quantified those risks for them.

Global management consulting company, Accenture, in a report this week on how the energy industry needs to transform to survive cited the «carbon bubble» — first coined by Carbon Tracker five years ago — as a real risk.

Carbon Tracker argues that the new Financial Policy Committee, set up to monitor risks and bubbles in the financial system, must urgently address the «carbon bubble» and ensure regulators require greater disclose on reserves and carbon emission in order to assess this material risk to financial stability.

«The fundamentals of demand and price show that investors around the world could get caught in a carbon bubble; analysts and regulators need to make this risk transparent, otherwise the markets will continue to inflate it.»

This will help to avoid catastrophic climate change and will reduce any individual financial institution's exposure to the potential threat of a carbon bubble or any other climate - related risk.

HSBC warned that 40 - 60 % of the market capitalisation of oil and gas companies was at risk from the carbon bubble, with the top 200 fossil fuel companies alone having a current value of $ 4tn, along with $ 1.5 tn debt.

Through pioneering analysis into the «carbon bubble» and «stranded assets», Carbon Tracker investigates the financial risks faced by high - carbon investments in the face of a rapid energy transition.

Our new paper shows Shell knew about, but did not act on, the risks of a carbon bubble for almost 20 years.

Governments will limit carbon emissions, so if your business model is based on burning it, you are overvalued and at risk — sitting on a bubble.

«There is a risk that focusing on «stranded assets» or the concept of the «carbon bubble» distracts attention away for the reality of a growing population, increasing prosperity and growing energy demand.»

This has fed into their thinking on assessing the «carbon bubble» and «stranded asset» risks of fossil fuel companies.

The UK MPs Committee warned British government and Bank of England of the risks of the carbon bubble in 2014.

Hobley explains that although a successful Paris could lead to tougher regulations on carbon — which might edge us closer to a carbon bubble — providing a clear framework ultimately could minimize these risks.

Yet, whether these assets will become stranded or actually will lead to carbon bubble, the risk increasingly has garnered attention from news outlets such as the BBC, the Financial Times and The Economist.

While North America's largest oil and gas company did announce for the first time that climate change is a reality, the company does not mention the potential risks of a carbon asset bubble.

As the discourse around climate risk, the «carbon bubble,» and «stranded assets» moves into the mainstream of finance, coupled with the competitive returns of fossil free investing, campaigners have a robust set of resources to dismantle informational barriers like fiduciary duty and the cost of divestment.

And all this brings increasing recognition by investors that the carbon bubble and stranded assets are serious financial risks, which in turn reinforces the growing power of NGO campaigns against coal and CSG along with their fossil fuel divestment campaign.

Professional Pensions: Institutional investors «must address financial risk of carbon bubble»

him on the very real financial risk of a carbon bubble, he engaged me on how easy it is to invest in solutions.

Lord Stern, who recently claimed he had underestimated climate change in his 2006 government - backed review, added that the overspending by fossil fuel companies could pave the way for a new financial crisis, unless these companies take swift action to mitigate the risk of a carbon bubble.