Sentences with phrase «stranded carbon assets»

Fossil fuel companies facing a future with stranded carbon assets, powerful contrarian ideologues, and right - wing media spreading climate disinformation remain major obstacles to progress.

Stranded carbon assets include fossil fuels, as well as those assets which, given their dependence on fossil fuels, are also CO2 - emissions intensive.

On Friday November 21st Glass Lewis hosted a Proxy Talk conference call with CERES and Walden Asset Management to discuss the risks from stranded carbon assets, greenhouse gas emissions and hydraulic fracturing as well as trends in -LSB-...]

While a global price on carbon certainly would be important, we believe that investors are mistaken to assume that is the only path to stranding carbon assets.

Not exact matches

Posted by Jeff Rubin on November 17th, 2014 under SmallerWorldTags: carbon tax, climate change, oil prices, Stranded assets • 3 Comments

It's worth asking, though, are these carbon reserves really valuable resources or will they end up as stranded assets?

Carbon Tracker, the analyst house which pioneered the stranded asset or «carbon bubble» theory, has warned a quarter of global oil refining capacity could become unviable and be forced to shut down within 20 years due to falling demand.

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.

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

Moreover, Exxon Mobil expressed confidence that its oil and gas assets were unlikely to become stranded even under much tighter regulation of carbon emissions because the fossil fuels would be needed to grow the world's economies.

It also allows for a smoother reallocation of investment away from high - carbon towards low - carbon technologies and infrastructure, avoiding the risk of stranded assets and economic disruption.

He was way ahead of the game before the more recent pronouncements of unburnable carbon and «stranded assets ``.

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.

It says investors that currently have high exposure to high - carbon assets are at risk of possessing «stranded assets» — a term used to describe financially worthless investment stocks.

Adopt a goal of requiring, or persuading, fossil fuel companies to disclose in their 10Ks and other filings the amount of carbon held for ultimate release on the asset side of their balance sheets, and the range of possible outcomes to their business if some of those assets are stranded.

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 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 markets today are in a carbon bubble, because they ignore future stranded fossil fuel assets.

In the case of fossil fuels, the carbon bubble effect due to stranded assets has motivated some divestment activity, in addition to the ethical / survival concerns over increasingly serious climate impacts due to fossil fuels consumption.

Developing and implementing these strategies ensures alignment with the long - term goals of the Paris Agreement, in a way that fosters increased prosperity for citizens, reduces the risk of locking - in unsustainable and high - emission infrastructure, and will help to avoid stranded high - carbon assets.

Once the financial impact of stranded assets are factored in, the carbon bubble will collapse with large financial consequences for fossil fuel companies and their owners.

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.»

First is regulation that could strand assets in several ways: direct regulation on carbon led by authorities at the local, national, regional, or global level; indirect regulation through increased pollution controls, constraints on water usage, or policies targeting health concerns; and mandates on renewable energy adoption and efficiency standards.

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.

Many investors cite what we believe is a misinformed view that carbon assets will not be vulnerable to stranding until a meaningful carbon price is enforced by a global accord.

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.

At the same time, current international commitments to reduce carbon emissions and rapid technological change have already led many fund managers to reconsider their investments in these potentially stranded assets, while a growing number of studies show that responsible investment portfolios typically offer returns on a par with or superior to, conventional investment portfolios.

Given the strictures on shareholder proposals, it's common for investor advocates to push not for specific changes, but for analyses of risk: asking companies to publicly measure their greenhouse gas emissions, to analyze the environmental impact of their global supply chains, or, in a strategy pioneered last year, to quantify their exposure to «stranded assets,» such as fossil fuel reserves that would exceed the world carbon budget.

In a world where carbon emissions will increasingly have to be constrained, coal, as the dirtiest of the fossil fuels, is the energy asset most vulnerable to becoming «stranded» — the most vulnerable, in other words, to seeing its market value collapse well ahead of its previously anticipated useful life.

«A dramatic energy sector transition would require steady, long - term price signals to be economically efficient, to allow timely adoption of low - carbon technologies and to minimise the amount of stranded energy assets.

Mark has not only been a key ally of Carbon Tracker since its inception, attending many of our early strategy sessions, he has also played an international role in extending our thinking around «stranded assets» and the «carbon bubble» whilst at Barclays.

CCS also plays a strong role in both power and industry in the IEA analysis by offering an important way to minimise «stranded assets» in a low - carbon transition.

It is applying its thinking on carbon budgets and stranded assets across geographies and assets classes to inform investor thinking and the regulation of capital markets.

London, 19th April 2013 — Today new research by Carbon Tracker Initiative and the Grantham Research Institute on Climate Change and the Environment at London School of Economics and Political Science reveals that despite fossil fuel reserves already far exceeding the carbon budget to avoid global warming of more than 2 °C, $ 674 billion was spent last year finding and developing new potentially 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.

As the transition to zero - carbon accelerates, many fossil - fueled power stations will have to be closed before they reach the end of their natural life, the IEA says, causing lost earnings and creating «stranded assets» that are worth less than expected by investors.

CTI have recently release a thorough response to Shell's letter on stranded asset and carbon bubble and will soon issue a similar response to Exxon.»

«Efforts to stay within a carbon budget, increase fuel efficiency, reduce costs and improve air quality mean that if capital continues to flow into oil sands, the projects risk becoming stranded assets», says Carbon Tracker's research director, James Leaton.

«[F] or a 50 % probability of limiting warming to 2 °C, assuming other sectors play their part, no new investment in fossil electricity infrastructure (without carbon capture) is feasible from 2017 at the latest, unless energy policy leads to early stranding of polluting assets or large scale carbon capture deployment,» Oxford researchers wrote in March.

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.

Quirke: And carbon capture sequestration (CCS) is an exception to the rule of the stranded assets concept.

Further analysis has identified the fossil fuel reserves and resources at risk of becoming economically «stranded assets» due to a low - carbon energy transition.

«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.

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).

His mandate is to develop the organization's capabilities in North America, building awareness and understanding of carbon and stranded asset risk amongst institutional investors and broadening the distribution and usage of Carbon Tracker's proprietary research.

One of those potential risks with severe financial consequences is the concept of stranded assets, which has become particularly intertwined with yet - unused carbon assets and fossil fuels.

As the U.S. strives to significantly cut carbon emissions and limit climate impacts — such as sea level rise — this natural gas infrastructure may eventually need to be abandoned, becoming a «stranded asset.»

The Alberta government could see to it that the energy producers refined the stuff into synthetic crude oil on site but this is a high - cost, high - carbon asset already at some risk of becoming «stranded.»

CK: What is the plan, if any, for compensating those who have invested in «stranded assets» — that is, those who will be stuck with increasingly unprofitable carbon - intense assets?