The Carbon Tracker Initiative is working to align the capital markets with climate change objectives through a number of workstreams:
1. Assessing Systemic Climate Change Risk
2. Challenging Valuation Assumptions
3. Accounting for Impaired / Stranded / Sub-prime assets
4. Investigating the Capital Raising process
5. Exploring the contradiction between climate policy and markets
Please contact us if you are interested in finding out more or working with us on these issues.
London the Coal Capital
New analysis from Carbon Tracker in partnership with WWF-UK shows how the growing number of coal mining companies listing in London exposes the financial market to a significant systemic risk.
Read More
Carbon Bubble?
Are the world’s financial markets carrying a carbon bubble? Read this new analysis by Carbon Tracker.
Read More
Jeremy Leggett reviews Coal India IPO
Jeremy Leggett blogs about the recent Coal India IPO. Company's prospectus did not mention climate change once in 510 pages of exhortation to invest...
Read More
Aviva Investors recognise all reserves cannot be burnt
"Valuations of the oil and gas sector still assume that they will be able to take all proven and probable reserves out of the ground and burn them. "Based on credible data we cannot be allowed to do that,"
Read More
Some IPOs should be too hot to handle
The planned listing of Coal India is the latest example of how capital markets are failing to price – or even consider – climate change risk.
Read More
Lord Stern on Carbon Tracker on FT.com
As the negotiations at the UN climate change summit in Durban reach the critical stage, we must not overlook a fundamental contradiction between the way global fossil fuel reserves are evaluated and long-term policy goals.
Read More
Al Gore: “$7trillion of sub-prime carbon assets”
"We now have around 7 trillion subprime carbon assets in the global economy and their value, like the subprime mortgages, is based on an assumption that is highly questionable." Al Gore
Read More
An Era of Capital Misallocation
“Unfettered markets are not meant to solve social problems” so there is a need for better public policies, including pricing and regulatory measures, to change the perverse market incentives that drive this capital misallocation.
Read More
Leaving fossil fuels in the ground
“at least one-half of fossil fuel assets will have to be left in the ground,”.... “We’re still pricing [companies in the extractives sector] as if they are all going to be exploited.”
Read More