Biden’s victory has brought hope among world leaders for resetting climate change at the core of the US policy agenda. However, the newly elected president still faces the prospect of a Republican-controlled Senate that has criticized his plan to move the country to net-zero greenhouse...
On November 4th, a day after Election day, the US has officially withdrawn from the Paris Climate Agreement, as promised by President Trump since the beginning of its mandate. This act comes after the Trump administration has rolled back nearly 100 environmental commitments and regulations...
Coal mines, oilfields and gas reserves are increasingly losing their value as tighter regulations aimed at tackling climate change already are and will continue to be put in place. Due to this, oil and gas companies are expected to write-off at least half of the...
The new more ambitious GHG emissions reduction target of 60% by 2030 voted by the EU Parliament is a clear signal that Europe wants to remark its virtuous leadership in the green transition and together with implementing the taxonomy and the Action Plan on sustainable...
Investors fear that firms’ financial statements do not represent the real long-term outlook for many businesses as only a minority of them accurately incorporate climate change risks. The oil and gas company BP has cut $17.5 billion off the value of its assets, reflecting the material...
According to the OECD, globally, EUR 6.35 trillion a year will be required to meet the Paris Agreement goals by 2030. The EU Taxonomy will help investors and companies in choosing green opportunities that are in line with a low carbon economy and resource-efficient economy. Finance enables transformative improvements in industries all over Europe and globally. According to the...
What are the implications of climate change mitigation on the market value of coal, oil and gas companies? To assess how much market value these companies might lose as governments are increasingly eager to impose stricter measures on the hydrocarbon industry, analysts must consider the reserves...
Climate scientist Michael Mann is on sabbatical stay in Sydney, Australia where he studies the correlation between climate change and catastrophic weather events. Home to one some of the greatest natural wonders of this planet, like the Great Barrier Reef and lush temperate rainforests, Australia has...
“I am disappointed with the results of COP 25” The UN Secretary-General António Guterres sentenced on Twitter on 15 December, 2019, at the end of the COP 25 closing plenary. “Time For Action” was the slogan unrolled at the start of the 25th UN Climate Change Conference (COP 25). The...
Millions of people are taking into the streets in an effort to save the planet. Despite that, public mobilisation has had very little impact on governments’ leaders so far. Talks between world's leaders have not evolved into actions as people wish, and the...
Will the EU be able to reach its 2050’s environmental targets? If so, at what costs for the international trade market? As President of the EU Commission, Ms. Ursula von der Leyen, is preparing to unveiling EU’s Green New Deal later this Wednesday (11 December), debates about the impacts of...
Day one of the UN COP 25 in Madrid closed yesterday, 2 December 2019. Over the next two weeks to 13 December, the 196 delegations will negotiate to find a common ground to tackle climate change. So what is at stake at COP 25? We have highlighted...
While actions are need to tackle a major global challenge like climate change, time is running out. "Time for action" is the slogan of the 25th UN Climate Change Conference (COP 25). The aim of the conference is to take crucial steps towards a full...
The Paris Agreement’s 2 °C objective requires that more than 80% of all proven fossil fuel reserves become stranded resources, and investments in such resources may become "stranded assets" for industrialized and developing countries. A ‘just transition’ for workers and communities as the world’s economy responds to...