Debate surrounding the Transition Pathway Initiative’s recent analysis of energy companies’ transition plans highlights the glaring loopholes in oil majors’ net-zero strategies.
SDG 13: Climate action
India’s Adani Group, the world’s largest private developer of fossil fuels, is still securing funding for its Carmichael project in Australia despite investors increasingly withdrawing support and rising negative sentiment against coal. But how long will it be able to do so?
Countries party to the Energy Charter Treaty are under yet more pressure to reform the agreement following the Cop26 climate summit, with Denmark and New Zealand admitting the threat of investor-state lawsuits has hindered their climate policy ambitions.
As a growing list of governments tap investor demand for sustainable investments, Capital Monitor analysis shows renewable energy is largely ignored by green bond allocations.
Climate tech companies are presenting themselves as a solution to carbon reduction that early-stage investors are buying into. However, venture capital investment is disproportionally aligned with sectors that offer limited potential.
S&P Global Sustainable1 analysis shows that vital corporate assets around the world are increasingly in harm’s way as the planet endures a growing number of catastrophic weather events linked to climate change.
Paris-based NGE raised €500m of sustainability-linked debt, with one of the key performance indicators linked to female representation on construction sites. Executive VP Jean-Sébastien Leoni outlines the company's rationale behind it.
Bankers say clean energy needs more policy stability to secure funding in the face of rising market risks, as more investors cut exposure to fossil fuels – in some cases entirely.
President Xi Jinping’s commitment to end overseas coal plant construction lacks detail and could take years to achieve any real impact. In any case, the sector has plenty of other sources of funding that need curbing if its emissions are to be cut sufficiently to reach net zero.
With labelling confusion at the heart of recent ‘greenwashing’ cases, it’s no surprise that clearer fund explanations are investors’ top priority. The distinct lack of Paris-aligned funds only goes to highlight this.
Billions of dollars are pouring into the clean energy that is seen as crucial for the transition to net-zero emissions. But the financial sector is not taking sufficient account of what happens to such assets when they reach the end of their life. It may soon have to.