Sentences with phrase «stranded energy assets»

«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.

Not exact matches

The results add weight to warnings from analysts that fossil fuel assets are at risk of losing their value and becoming «stranded» as the world transitions to cleaner energy sources.

As long as financial and energy giants are more concerned about stranded assets than they are about climate change, what chance really do we have?

«I think that failure of vision puts them at a real risk of having stranded assets, of losing market share [to alternative energy sources] and even of becoming irrelevant.»

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.

Rising on the horizon of a new solar energy era, concerns for stranded assets -LSB-...]

- The Energy Mix: Slower Paris implementation would risk $ 20 trillion in stranded assets: IRENA.

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.

«Stranded asset risk around the world will double from US$ 10 to $ 20 trillion by mid-century if governments delay implementation of the Paris agreement, the International Renewable Energy Agency (IRENA) warns in a working paper produced for the German government and released ahead of last week's G20 leaders» summit in Hamburg.»

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.

As such, investors can strand fossil - fuel energy assets today, or absorb the cost of inaction by causing a much larger stranding across industries and asset classes in the future.

Cumulative stranded assets by sector up to 2050 in IRENA's Remap energy transition and delayed policy action scenarios.

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.

[i] IEA, World Energy Outlook, 2017: https://www.iea.org/weo2017/; IEA / IRENA, Perspectives for the Energy Transition, 2017: http://www.irena.org/publications/2017/Mar/Perspectives-for-the-energy-transition-Investment-needs-for-a-low-carbon-energy-system; IPCC, 5th Assessment Report, 2013: https://www.ipcc.ch/report/ar5/; Carbon Tracker, Wasted Capital and Stranded Assets, 2013: https://www.carbontracker.org/reports/unburnable-carbon-wasted-capital-and-stranded-assets/, Carbon Tracker, Unburnable Carbon, 2011: https://www.carbontracker.org/wp-content/uploads/2014/09/Unburnable-Carbon-Full-rev2-1.pdf

IRENA puts these risks at a far higher level, with an estimated $ 10tn in assets at risk of being stranded under its energy transition scenario.

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.

However delaying action to address climate change would result in significantly more severe asset stranding, according to this analysis by the International Renewable Energy Agency (IRENA).

That could leave energy companies with unprofitable reserves, or assets «stranded» underground, lowering market values of those companies, with potential effects across the financial system.

The Carbon Tracker Initiative (CTI) and Energy Transition Advisors (ETA) produced a thorough response to Shell's stranded assets statement published on May 16th.

«[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.

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

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.

Mark give a presentation on the energy transition and the potential for demand destruction and stranded assets associated.

«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.»

Relatively few respondents indicated concerns about other typical issues associated with renewable energy growth, such as transmission constraints, stranded assets, or having enough flexible generation to meet demand.

While some gas and oil giants are pulling back from shale investments in order to reduce «stranded asset» exposure, it's worth noting that the shale gas giant ExxonMobil has been doubling down on shale gas, possibly with an eye toward supplying the gas - to - plastics market rather than the energy market.

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.»

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.

More broadly, companies across the energy industry that are heavily invested in fossil fuels increasingly have become a target for shareholder proposals, largely due to the potential emerging risk of fossil fuel's stranded assets.

Companies in carbon - heavy industries such as energy and mining face the highest pressure, as investors fear being stuck holding stranded assets: companies who fail to plan for the future and whose valuations will likely plummet as a result.

It contains a number of tropes that may be familiar to the well - versed in oil and gas climate disclosures — for example narrowing the scope of stranded assets, and characterising the energy sector impacts of a low carbon transition as gradual and well - signposted, thereby depriving investors of an assessment of the volumes and capex at risk should the company misread the pace of the transition.

With the energy sector showing signs of profound, disruptive change, and with the former chairman of Duke Energy arguing that a price on carbon is inevitable, investors are rightly spooked by the prospect of a carbon bubble — whereby fossil fuel assets become stranded because they either can't be exploited due to climate concerns, or clean energy alternatives simply squeeze them out of the marketenergy sector showing signs of profound, disruptive change, and with the former chairman of Duke Energy arguing that a price on carbon is inevitable, investors are rightly spooked by the prospect of a carbon bubble — whereby fossil fuel assets become stranded because they either can't be exploited due to climate concerns, or clean energy alternatives simply squeeze them out of the marketEnergy arguing that a price on carbon is inevitable, investors are rightly spooked by the prospect of a carbon bubble — whereby fossil fuel assets become stranded because they either can't be exploited due to climate concerns, or clean energy alternatives simply squeeze them out of the marketenergy alternatives simply squeeze them out of the marketplace.

Among them, about $ 3 trillion in global investments — including enormous funds like the California state pension fund — could find themselves busted by «stranded assets,» as the fuel reserves that energy companies calculate into their net worth would need to stay unused to avert the worst of climate change.

Fossil fuel energy sources and companies are stranded assets and dead... Continue reading →