Sentences with phrase «stranded assets»
"Stranded assets" refers to resources, such as coal mines, oil reserves, or power plants, that lose their value or become unusable due to changes in technology, regulations, or market conditions. These assets are "stranded" or stuck because they no longer generate economic returns and can become burdensome for the owners. Full definition
Doing so means we can avoid the risk of stranded assets and minimize the number of Canadian workers who will need to transition jobs in the future.
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The building freeze will prevent near - term investments in gas infrastructure that could become stranded assets if the grid overhaul comes into force.
It's about avoiding being left with stranded assets.
It's worth asking, though, are these carbon reserves really valuable resources or will they end up as stranded assets?
«There is a risk of path dependency and future stranded assets if natural gas deployment expands significantly without long - term emissions reduction goals in mind,» the report says.
This activity report seeks to provide an in - depth summary of existing literature, exploring the key issues relating to stranded assets through an analysis of three areas: 1.
«Investors need to look at the pattern that is unfolding, lest they be trapped into holding stranded assets,» he said.
Investment in low - carbon technologies needs to increase by around 30 % to $ 120 trillion to enable the energy transition and avoid escalating stranded assets, the report finds.
Depending on market structures or policy interventions there are also stranded assets appearing amongst existing capacity and infrastructure which is being retired in advance of previous expectations.
«But the risk of stranded assets in part comes from what comes out of Paris, and how the framework is created, how robust it is and how capable that framework is.»
«Using low - cost hydrogen from electrolysis could provide market opportunities for stranded assets like curtailed wind and industries such as fertilizer production.»
Much has been made of the impact of the Carbon Tracker Initiative's 2011 report on stranded assets on the fossil fuel divestment movement that has spread throughout college campuses in the US.
For the IEA, the extent to which risk exists from stranded assets depends on whether the low - carbon transition is orderly or disorderly — something Carbon Tracker frequently highlights as well.
Investors in oil and gas companies have been in the dark about their exposure to climate risk, but they will now be able to confront companies with precise information and ask hard questions about how they intend to deal with potentially stranded assets.»
This report initiated and provided the background analysis on the growing interest around stranded assets, and focused attention on capital expenditure plans being inconsistent with the 2 ˚C pathway.
COVER, Sam Lewitt's 5th exhibition at Miguel Abreu Gallery, follows and extends the artist's work Stranded Assets, shown...
This paper, first presented at the 1st Global Stranded Assets Conference, hosted by the Smith School in Oxford September 2015,...
This paper, first presented at the 1st Global Stranded Assets Conference, hosted by the Smith School in...
Capital flight from stranded assets across the fossil fuel sector is accelerating (Shares of Peabody Energy, the largest private - sector coal miner in the world, are now down 99.7 per cent over the.
If Shell failed to prepare for this new energy landscape, it could wind up saddled with massive stranded assets: buried oil and gas that its shareholders paid billions to find, but that, because of softening demand, the company found itself unable to profitably drill and sell.
The event featured a discussion of Carbon Tracker's report «The $ 2 trillion stranded assets danger zone: How fossil fuel firms risk destroying investor returns» which warns that fossil fuel firms risk wasting $ 2 trillion on uneconomic projects in the next decade if they pursue business as usual strategies.
For potential new investments, our research aims to prevent stranded assets arising by identifying where capital expenditure may be allocated to investments which may not yield the expected returns as the world decarbonises.
New investment decisions favor renewables because of their commercial merit, their lower externalities, the diversity of supply they bring to the grid, and as a way to avoid stranded asset risks of the sort that plagues thermal power plants which, once built, generally have a 40 -50-year lifespan.
The concept has initiated a new programme at the Smith School of Oxford University which considers stranded assets across a range of sectors from an academic perspective.
Mark give a presentation on the energy transition and the potential for demand destruction and stranded assets associated.
Cumulative stranded assets by sector up to 2050 in IRENA's Remap energy transition and delayed policy action scenarios.
Falling prices, in contrast, cause supply to be shut in and turn what were once considered proven reserves into stranded assets that remain in the ground.
Indeed the Reverse flow project that the Mahama administration began to work on, will bring any excess gas in the western enclave to feed the many stranded assets Ghana possesses in the East, such as Asogli and the Kpone Thermal Power Plant (KTPP).
«Several utility stakeholders have stated that the interim period forces an impending «compliance cliff» beginning in 2020 that does not consider potential stranded assets and does not afford them the requisite time to prepare for compliance by properly going through their integrated planning process,» Kentucky's comments said in a section labeled «Unintended Consequences.»
FILLER, Sam Lewitt's 4th exhibition at Galerie Buchholz, follows and extends his project Stranded Assets, currently on view in the 57th Venice Biennale.
«The responses about stranded assets reveal that investors» concern over this risk might be more widespread than many expect,» the Ernst & Young report noted.
Fear of stranded assets motivates fossil fuel companies to oppose responsible climate risk management and prop up climate science deniers
«Investors are through an unprecedented commitment taking steps to reduce the risk of stranded assets within the oil and gas industry.
Third, sociopolitical pressures (e.g., fossil - fuel divestment campaigns, environmental advocacy, grass - roots protests and changing public opinion) could create an environment in which carbon - intensive businesses could lose their «license to operate,» thereby stranding assets.
He renews a version of the «stranded assets total return» swap every year for his own personal use, via Goldman.
Delayed action would increase stranded assets and investment needs significantly.»
Meanwhile, IRENA estimates that the overall stranded asset risk doubles to more than $ 20tn if rapid decarbonisation of the energy sector is delayed to 2030 and fossil fuel investments continue to rise.
«Right now there is half a trillion dollars a year being spent to come up with new fossil fuels — digging, mining — that may very well be stranded on top of the already stranded assets.»
As the comparison to global coal budgets illustrate above, Australia will have a vast oversupply of coal assets in a carbon - constrained world, therefore running the risk of being left with significant stranded assets.
A new study from researchers at the Oxford Martin School at the University of Oxford has warned that a fifth of current global power plant capacity is at risk of becoming stranded assets under a scenario in which the planet reaches its climate goals of halting warming at 1.5 to 2 °C above pre-industrial levels.
The Carbon Tracker Initiative (CTI) and Energy Transition Advisors (ETA) produced a thorough response to Shell's stranded assets statement published on May 16th.
With over two - thirds of investors declaring they are closely monitoring stranded asset risk — as identified in a recent EY survey — the importance of climate disclosures is clearly set to grow.
When it comes to the price tag that could be attached to efforts to achieve such goals, some analysts project that energy companies, such as Shell, ExxonMobil and BP, will be forced to write off huge losses on inaccessible stranded assets.
The potential for the risks of stranded assets seems severe, but will it actually materialize?