A new report from the Intergovernmental Panel on Climate Change (IPCC) highlights the pressing need for prompt and resolute action across industries to tackle climate change. The report emphasizes the importance of prioritizing equity, social justice, inclusion and just transition processes to enable ambitious climate mitigation actions and climate-resilient development.
As the world moves toward a low-carbon future, the power and utilities industry faces significant financial and reputational risks due to the potential stranding of resources and assets. This transition to carbon-free energy sources could render carbon-intensive assets – such as coal- and gas-fired power plants, coal mines and hydrocarbon
Today’s investors are eager to understand the climate-related risks of their business investments, not just because they are becoming more climate-conscious but also because climate-related risk can bring financial risk. A newly proposed rule in the US aims to bring more transparency to those risks. In March, the US Securities