CTI in the media

Carbon Tracker has changed the financial language of climate change” (the Guardian, May 2014)

CTI has triggered the Climate Swerve – a major historical change in consciousness that is neither predictable nor orderly.” (New York Times, August 2014)

an easy and powerful bit of arithmetical analysis first published by financial analysts in the U.K. [Carbon Tracker] has been making the rounds… (it) up-ends most of the conventional political thinking about climate change. And it allows us to understand our precarious position with… simple numbers.” (Rolling Stone, July 2012)

Multimedia

CTI at COP21 Our YouTube channel

How are the economics of low-carbon technology driving an unstoppable energy transition?

This is one in a series of short videos where Carbon Tracker compares some of the key findings of its latest report ” Expect the Unexpected – The Disruptive Power of Low-carbon Technology”, produced in partnership with Grantham Institute at Imperial College London, with recent news form the fossil fuel and green energy industries.
Download the report here.

Why EVs might cause oil companies to overestimate future demand?

This is one in a series of short videos where Carbon Tracker compares some of the key findings of its latest report ” Expect the Unexpected – The Disruptive Power of Low-carbon Technology”, produced in partnership with Grantham Institute at Imperial College London, with recent news form the fossil fuel and green energy industries.
Download the report here.

Carbon Tracker's Founder Mark Campanale interviewed at Climate Week 2016 in New york

Mark Campanale, Founder and Executive Director of Carbon Tracker explains in a few words Carbon Tracker’s approach to limit future carbon emissions by linking the climate change risk to the world financial markets.

This video interview has been realised by Climate Action during the Sustainable Innovation Forum in NYC Climate Week, September 2016.

Thermal Coal in Asia: Stopping the Juggernaut

Anthony Hobley interviews Mark Fulton Founder, ETA and Advisor to Carbon Tracker, on his report “Thermal Coal in Asia: Stopping the juggernaut”.

This study pulls together key sources to show that both China (by 2020) and India (in the 2030s) will exceed their IEA ETP 2DS annual carbon budgets. Furthermore, without a massive scale-up in renewable energy right now and the development of Carbon Capture and Storage (CCS) over time in key geographic areas (particularly China), the total carbon budget up to 2050 will also be exceeded in the 2030s. These conclusions are based on existing and “under construction” thermal coal power plants, yet even if no additional power plants are constructed, the budget would still not be met. 

Consequently, the research report calls for action: (1) to reform electricity markets so that low cost renewables are dispatched first; (2) to extend robust moratoriums on new coal power plants; (3) to cap longer-term coal consumption and emissions in the power sector in the context of carbon markets.

Carbon Tracker has contributed the carbon budget analysis and the paper cites previous studies on unneeded carbon from “Danger Zone” as well as our recent publication on renewable energy costs “The End of the Load for Coal and Gas”.

A summary for policy makers can be found here

as well as the full research paper here.

Innovation and Disruption - BIEE Conference Oxford

James Leaton, our Research Director, talks about current sources of disruption in energy markets, stranded assets and the problems of forecasting in such a rapidly changing sector.

James will be speaking in the first plenary session Sources of Innovation and Disruption at the BIEE 2016 research conference on Innovation and Disruption on Sept 21
biee.org/conference-list/innovation-disruption-energy-sector-transition/

BBC World News Interview: Can oil companies change course after the Paris Agreement?

After the landmark Paris Agreement on climate change, can oil companies change their business plans? Could they be worth more by producing less? James Leaton, head of research at Carbon Tracker, spoke to BBC World News on 27 May 2016.

Presentation at the Financial Stability Board's Task Force on Climate-related Financial Disclosures

In response to a request for the G20, the Financial Stability Board – an international body that monitors and makes recommendations about the global financial system – established a Task Force on Climate-related Financial Disclosures, chaired by Michael Bloomberg. Carbon Tracker presented to the Task Force on February 9, 2016.

What next for divestment?

Is the fossil fuel movement at risk from activist shareholders and the divestment movement? Or are there broader trends of ‘divestment through value destruction’? Mark Campanale, CTI’s founder and executive director, speaks at the Ethical Investment and Climate Justice Workshop in Maynooth, Ireland organised by Trocaire in February 2016.

Climate Action Leaders: What Happens after Paris?

Is the Paris climate deal as a success story? What is the role of markets in changing the fossil fuel industry? Carbon Tracker’s CEO Anthony Hobley discusses the risks to investors post-COP21.

How should the capital market align its actions with climate reality?

Lasting sustainable change is often fuelled from the bottom up, through small initiatives. However, if we really want the world to change, this grass-roots movement must move its way up to where the ‘big money’ is. The Carbon Tracker Initiative wants sustainable change to penetrate to the highest levels. Mark Campanale, our founder, shares his vision. How should the capital markets align with climate reality?

Carbon Pricing and Markets Panel

Our CEO Anthony Hobley moderates a panel on carbon pricing and markets at the Sustainable Innovation Forum in Paris during COP21.

What does the Paris climate agreement mean for business?

Why is the Paris COP21 climate deal relevant to investors? Our CEO Anthony Hobley spoke to BBC World on Dec 14.

A historic climate deal in Paris. What next?

BBC World interviewed Carbon Tracker’s CEO Anthony Hobley in the aftermath of the Paris COP21 climate agreement. With a historic deal now in place, what is next for the fossil fuel companies?

Are fossil fuel companies changing their business strategies and if not, what do they need to do?

In the context of COP21 in Paris, Anthony Hobley, CEO of Carbon Tracker answers the question: “Are fossil fuel companies changing their business strategies and if not, what do they need to do?” in 1 minute.

What does Carbon Tracker’s research mean for investors and financial markets?

In the context of COP21 in Paris, Anthony Hobley, CEO of Carbon Tracker answers to the question: “What does Carbon Tracker’s research mean for investors and financial markets?” in 1 minute.

How are technological advances driving the low carbon energy transition?

In the context of COP21 in Paris, Anthony Hobley, CEO of Carbon Tracker answers to the question: “How are technological advances driving the low carbon energy transition?” in 1 minute.

Carbon Tracker Report launch - "The $2 trillion stranded assets danger zone"

On 25th November 2015, Carbon Tracker launched the report: “The $2 trillion stranded assets danger zone: How fossil fuel firms risk destroying investor returns”.

The study highlights that fossil fuel companies risk wasting up to $2.2 trillion in the next decade, threatening substantially lower investor returns, by pursuing projects that could be uneconomic in the face of a perfect storm of factors including international action to limit climate change to 2˚C and rapid advances in clean technologies.

The launch event was hosted by UN Principle of Responsible Investment.

What is Carbon Tracker and what role does it play in the financial community?

In the context of COP21, Mark Campanale, Founder and Executive Director of Carbon Tracker answers to the question: “What is Carbon Tracker and what is its role?” in 1 minute.

What are stranded assets and why should we care about them?

In the context of COP21, Mark Campanale, Founder and Executive Director of Carbon Tracker answers to the question: “What are stranded assets and why should we care about them?” in 1 minute.

What is the role for Governments at COP21 and beyond?

In the context of COP21, Mark Campanale, Founder and Executive Director of Carbon Tracker answers to the question: “What is the role for Governments in Paris and beyond?” in 1 minute.

Carbon Tracker's event at COP21 - Al Gore warns investors of stranded assets risk

Former US Vice President Al Gore gave a keynote speech at Carbon Tracker’s official COP21 event on Thursday December 3rd 2015.

The event featured a discussion of Carbon Tracker’s report “The $2 trillion stranded assets danger zone: How fossil fuel firms
risk destroying investor returns” which warns that fossil fuel firms risk wasting $2 trillion on uneconomic projects in the next decade if they pursue business as usual strategies.

3rd December 2015
15:00-16:30pm CET

The event was organised in partnership with UNFCCC, IIGCC, Ceres and CMIA.

Fossil Fuels: A Risky Business?

The fossil fuel industry is inflating a ‘carbon bubble’ based on risky demand & price assumptions.

Already under current climate policy settings, companies risk wasting over $1 trillion over the next decade.

If the policy settings are ratcheted up ‎to reflect a 2 degrees target then the amount at risk rise dramatically to $20 trillion plus.

Did you know that your money could be at risk too?

Christiana Figueres – What Are The Financial Implications Of COP21?

Christiana Figueres, Executive Secretary of UNFCCC

Guildhall, London, 27th October 2015

A month ahead of COP21 Christiana Figueres gave an incredibly powerful keynote addressing the international financial community.

“We have a major energy transition already in place. [….] The direction is unstoppable.”
“But the slowest we move the most expensive it is going to be.”
“Quality of investment today = Quality of the global energy system tomorrow” = “Quality of life forever”
“We are not in a world of Business as Usual anymore, we are in a world of Business as Urgent”

Lord Adair Turner – What Are The Financial Implications Of COP21?

Lord Adair Turner, Member of the UK’s Financial Policy Committee, former Chairman of the Financial Services Authority and former Chairman of the Pensions Commission and the Committee on Climate Change.

Guildhall, London, 27th October 2015

Lord Adair Turner closed the event with a brilliant speech on how the business and investment communities need to drive the change to move beyond fossil fuels.

This change happens because “a set of technological developments occur which we did not anticipated (e.g. collapse in price of solar PV).”

This change happens because “there is an accumulation of national actors who are willing to take action (e.g. major step forwards in China’s environmental policy over the last year).”

“In Paris we will have the opportunity to codify and reinforce a set of already existing agreements.”

The responsibility don’t fall on governments only, but on “business, institutional investors and asset managers.”

Carbon Tracker at the World Economic Forum in Davos 2015.

CEO Anthony Hobley talks about the investor power to drive an orderly transition to a low carbon energy future.

The $2 trillion stranded assets danger zone: How fossil fuel firms risk destroying investor returns

Mark Fulton, Senior Research Advisor to Carbon Tracker, presents the key high level findings of Carbon Tracker’s report “The $2 trillion stranded assets danger zone: destroying investor returns”.

Launched on 25th November at the PRI in London.

CTI: The Coal Report

What is the Carbon Tracker Initiative? What is our research approach? What is the new report on coal focusing on? Anthony Hobley, CTI’s CEO briefly answers these questions, in preparation for the coal report launch, which took place at Bloomberg in NYC, during Climate Week 2014.

CTI - Launch Event of Report - Carbon Supply Cost Curves: Oil, 8th May 2014

Watch the video of Carbon Tracker’s recent launch event of our report: “Carbon Supply Cost Curves: Evaluating Financial Risk to Oil Capital Expenditures”.

Carbon Tracker - Gas Report Launch Event, 7th July 2015, London

On 7th July 2015, Carbon Tracker launched a report on the global Gas sector: “Carbon Supply Cost Curves: Evaluating Financial Risk to Gas Capital Expenditures”. This study completes the research series on oil and coal started in 2014 and takes a look at three global gas markets – Europe, North America and LNG – in the context of the energy transition, examining where there may be unneeded capacity and capital expenditure in a low demand scenario.

In this video, the speakers discuss the implications of climate risk and low fossil fuel demand for the capital expenditure plans of gas companie

The objective of the study is to provide investors with further material to inform their engagement with corporates.

You can download the report here.

Mark Campanale, Founder & Executive Director of Carbon Tracker, speaks at the International Divestment Conference, Paris, 1st Sept 2015

With Bill McKibben of 350.org, Stephen Heintz from the Rockefeller Brothers Fund, the World Council of Churches among others, Mark Campanale, Carbon Tracker’ Founder and Director will bring Carbon Tracker’s take on both divestment and engagement.

Panel 2 – Promoting a Sustainable Financial System (Dehmer, Campanale, Canfin, Simm, Menou, Robins)

Panel 3 – What Are The Financial Implications Of COP21?

Guildhall, London, 27th October 2015

Panel 3: Chaired by Catherine Howarth, CEO at ShareAction.

Panellists include:

James Bevan, CIO at CCLA;
Lucy Tusa, Senior Investment Consultant at Mercer;
Kieran Quinn, Chairman of Local Authority Pension Fund Forum (LAPFF);
Stephanie Maier, Head of Responsible Investment Engagement, Aviva.

The panel addresses the following questions:

Society is looking for advice and leadership from the asset management sector to stay within the ‘safe carbon budget’.

Does the sector accept the challenge to be, as described by Mercer, future-makers?

With the context of the Financial Stability Board’s review of climate risk what role is there for divestment away from fossil fuels?

How can the sector show leadership in calling for progressive public policy to drive the realisation of a low carbon economy?

Panel 2 – What Are The Financial Implications Of COP21?

Guildhall, London, 27th October 2015

Panel 2: Chaired by Mark Campanale, Founder and Director of Carbon Tracker. Panellists include:

Helena Morrissey, CEO Newton and Chair of The Investment Association;
Mark Lewis, Head of EU Utilities at Barclays Bank;
Paul Spedding, former Global Co-Head of Oil And Gas Research at HSBC, Advisor to Carbon Tracker;
Natasha Landell-Mills, Head of ESG Research at Sarasin & Partners

The panel addresses the following questions:

The international agreement on climate change requires decarbonisation of the energy system – what does this mean for the valuation models used for fossil fuel companies?
Are asset managers and investors mispricing climate risk? What tools are there to integrate climate change risks into fossil fuel industry business models?
What does an orderly transition to a low carbon energy system look like? What are the options for fossil-fuel companies in the transition? What are the implications for investors?
How is the growth of the renewable energy sector affecting the fossil-fuel sector?

Sarah Butler-Sloss – What Are The Financial Implications Of COP21?

Sarah Butler-Sloss, Ashden Founder and Director

Guildhall, London, 27th October 2015

“One of the key drivers to climate change solutions lies in how our capital markets are going to behave in the next 10 years”

In her keynote speech, Sarah Butler-Sloss confirms that, “as a result of divest-investing, Ashden Trust decarbonised portfolio has outperformed its carbonised benchmark fro everyone of the last five years.”

Panel 1 – What Are The Financial Implications Of COP21?

Guildhall, London, 27th October 2015

Panel 1: Chaired by Kirsty Hamilton, Associate Fellow at Chatham House and is Policy Head of the Low Carbon Finance Group.

Panellists:

Abyd Kamali, Managing Director, Climate Finance, Bank of America Merril Lynch;
Anthony Hobley, CEO Carbon Tracker;
Nick Robins, Co-Director UNEP Inquiry;
James Cameron, Chairman of the Overseas Development Institute (ODI);

The panel addresses the following questions:

What can investors expect from Paris?
What is the value at risk from climate change across portfolios?
What is likely to be agreed at Paris and what are the financial implications of this?
Who will be the winners and losers in the energy sector?

When does the “carbon bubble” become a systemic risk?

Carbon Tracker’s CEO, Anthony Hobley, explains the think tank’s key
messages at Climate Week Paris in a series of four videos and blogs.

Read the our blog here.

Facing up to the ‘fossil fuel risk premium’

Carbon Tracker’s CEO, Anthony Hobley, explains the think tank’s key
messages at Climate Week Paris in a series of four videos and blogs.

Read the our blog here.

Unlocking funding for a vital low-carbon future

Carbon Tracker’s CEO, Anthony Hobley, explains the think tank’s key
messages at Climate Week Paris in a series of four videos and blogs.

Read the our blog here.

Mark Campanale - Stranded Assets and Unburnable Carbon Risk - IIEA, 17 Oct 2014

As governments seek to agree on measures which will keep climate change within the 2°C limit, questions arise about the value of fossil fuel reserves remaining in the ground. According to Mark Campanale and the Carbon Tracker Initiative, this ‘unburnable carbon’ will become a stranded asset for many companies if governments proceed seriously in tackling climate change. Mr. Campanale made the argument that investing in fossil fuel companies makes neither economic nor climate sense. He called for a re-evaluation of energy business models based on carbon budgets.

Investor Roadmap for Energy Transition

The Carbon Tracker’s Founder and Executive Director Mark Campanale gives an overview of the major projects that Carbon Tracker has got in the pipeline for 2015 and outlines an investor roadmap for a low-carbon energy transition.

CTI at the UN SG Climate Summit, Finance Session on 23 Sept 2014, NYC

On 23rd September 2014, Anthony Hobley, Carbon Tracker’s CEO, officially presented CTI’s work at the UN SG Climate Summit, Finance Session in New York.

To find the whole video of the UN SG Climate Summit – Finance Session visit:
http://webtv.un.org

CTI Coal Report Launch Event - Bloomberg, NYC, 22nd Sep 2014

The Carbon Tracker Initiative (CTI) and Energy Transition Advisors (ETA) have presented the second report of the series “Carbon Supply Cost Curves” to investors, asset managers, investment bankers, analysts and coal companies representatives at Bloomberg Offices in NYC on 22nd September 2014.

Following the oil report, this risk analysis focuses on the global coal sector.

It provides investors and coal companies with a tool – the carbon supply cost curve – which helps identify the projects where the most financial risk lies and direct capital away from them.

Carbon Tracker Launch Event 8th May 2014, London - New Report on Oil

Carbon Tracker Initiative is publishing a new report, Carbon Supply Cost Curves: Evaluating financial risk to oil capital expenditures.

Carbon Avoidance? Accounting for carbon emissions - 2013

The Carbon Tracker Initiative is a non-profit organisation working to align the capital markets with the climate change policy agenda.

Carbon Tracker at World Economic Annual Meeting at Davos 2014

In January 2014, The Carbon Tracker Initiative went to Davos to raise awareness of the carbon bubble and carbon asset stranding risk.

Unburnable Carbon 2013: Wasted Capital and Stranded Assets - CTI Report

This video tool accompanies our latest global report, Unburnable carbon 2013: Wasted capital and stranded assets.

Infographics

CTI at COP21

Infographic: Climate Risk and the Fossil Fuel Myopia Responding to IHS/IPIECA: Focus on Oil and Gas Capex

View infographic

Press coverage

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Stefano Ambrogi

Media & External Relations Manager

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Margherita Gagliardi

Communications Officer

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