Climate action so far in 2018: individual countries step forward, others backward, risking
stranded coal assets
Unless these residual emissions can be eliminated through technical advance, then this issue will limit the potential to prevent
stranded coal assets by adding CCS later on.
Not exact matches
According to S&P,
coal is poised to see a shrinking share of the world's power generation market, which could lead to some
coal reserves becoming
stranded assets.
The
coal industries have to sell off their
stranded assets to somebody, after all.
''... I have felt for some time that new investments today in
coal and tar sands are highly likely to become
stranded assets, and everything I have seen, in the last year particularly, increases my confidence.»
«A speedy exit from
coal investments by the finance industry is not just a question of avoiding
stranded assets, but of maintaining a livable world.»
It has been shown that most of the world's
coal deposits can not be burnt if global warming is to be kept below 2 °C; most of the world's
coal deposits will become
stranded assets — especially those that are not financially viable without government assistance;
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.
The financial think - tank says the fate of US
coal should serve as a warning to investors in other fossil fuel markets worldwide who fail to prudently read a structural shift away from hydrocarbons and blindly continue to invest in
assets that are in increasingly in danger of becoming
stranded.
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.
Though they were ultimately voted down, large blocks of stockholders voted for a resolution that would have forced Southern to respond directly to climate change by preparing a study for how the company can help keep global warming below 2 degrees centigrade, and another to study how its business may be affected by the potential
stranding of its
coal assets.
This process is being amplified by a flight of capital, as investors fear that expensive
coal mines and
coal - burning power plants may become «
stranded assets,» with no markets.
This process is being amplified by a flight of capital, as investors fear that expensive
coal mines and
coal - burning power plants may become «
stranded assets,» with no markets, as renewables ramp up and limits on CO2 emissions begin to bite.
This approach helps utilities refinance the costs of
stranded coal generation
assets and redirect savings toward cheaper renewable energy to replace generation capacity, while directing funds to communities or workers affected by
coal closures.
While NTPC is among the top 10
coal utilities globally with 44 GW
coal - fired capacity, it is perhaps one of the Indian utilities most at risk from
stranded assets.
The 50 GW of planned
coal could push national
coal capacity factors as low as 50 %, just as gigawatts of cheap renewables come online, meaning unless new plants replace retiring capacity they could come online as
stranded assets.
The compelling «
stranded assets» narrative resonated amongst our senior management teams — helping us to focus on and cut through a mountain of complex research on the subject — directly influencing our decision to divest from
coal in Q2 2015.
The reality of
stranded assets has since been documented to serve as a reminder for investors, eg the decline of the US
coal mining sector, the death spiral of EU utilities.
While it avoided overtly challenging climate science, Anglo - Swiss
coal giant Glencore also dismissed the risk of
stranded assets in its sustainability report this week.
A growing minority of investors and regulators are probing the possibility that untapped deposits of oil, gas and
coal — valued at trillions of dollars globally — could become
stranded assets as governments adopt stricter climate change policies.
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.
Stranded Assets and Thermal
Coal: An Analysis of Environment - Related Risk Exposure Ben Caldecott, Lucas Kruitwagen, Gerard Dericks, Daniel J. Tulloch, Irem Kok, and James Mitchell Smith School of Enterprise and the Environment, Oxford University January 2016
The $ 2 trillion
stranded assets danger zone: How fossil fuel firms risk destroying investor returns, maps out
coal, oil and gas supply that makes neither financial nor climate sense in a 2 ˚C world and how this affects both listed and public companies.
The IEEFA article gave «examples of
coal - plant cancellations and
stranded -
asset realizations».
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.
AXA has tested the list and finds it promising in terms of risk management, since we believe that some of these
coal - related
assets may become «
stranded» over time.
The first report,
Stranded Assets and Thermal Coal, found that Australian and US coal assets were the most vulne
Assets and Thermal
Coal, found that Australian and US coal assets were the most vulnera
Coal, found that Australian and US
coal assets were the most vulnera
coal assets were the most vulne
assets were the most vulnerable.
«These will not reopen whatever anything President Trump does,» explains BNEF, «nor do we see much appetite among investors for ploughing money into U.S.
coal extraction —
stranded asset risk will trump rhetoric.»