Aligning capital market actions with climate reality
Carbon Tracker is an independent financial think tank that carries out in-depth analysis on the impact of the energy transition on capital markets and the potential investment in high-cost, carbon-intensive fossil fuels.
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Oil
31 January 2020
Handbrake Turn
The piece originally was posted to LGIM Future World Blog on February 26, 2020. It is reprinted with...
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Why the oil sector shouldn’t reinvent itself through renewables
28 February 2020The piece originally was posted to LGIM Future World Blog on February 26, 2020. It is...
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BP’s Net Zero Ambition: Deciphering the Code
Amid ever-increasing concerns over climate risks, BP is the latest European oil and gas company to announce...
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Handbrake Turn
The cost of failing to anticipate an Inevitable Policy Response to climate change In this report, we...
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Repsol’s net zero ambition: joining the dots
Repsol has just announced a shift in strategic direction – to become a net zero emissions company by 2050....
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Balancing the Budget: Why deflating the carbon bubble requires oil & gas companies to shrink
01 November 2019To deflate the carbon bubble and protect investors, oil & gas companies must...
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Carbon Tracker Annual Review 2018-2019
Carbon Tracker's mission is to align investors strategies to climate change action. We...
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Breaking the Habit – Why none of the large oil companies are “Paris-aligned”, and what they need to do to get there
This report provides an update to our 2017 and 2018 "2 Degrees of Separation" reports, along with an updated...
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Paying With Fire: How oil and gas executives are rewarded for chasing growth and why shareholders could get burned
In this study we review the remuneration practice used in the oil and gas industry and look at alignment with...
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Handbrake Turn
31 January 2020The cost of failing to anticipate an Inevitable Policy Response to climate...
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Scope for Improvement
Why carbon intensity ambitions are welcome, but strict limits on future project sanction remain the route to...
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Electric vehicles: The catalyst to further decarbonisation – interactive tool
EV Oil Demand Displacement Interactive Tool This report and accompanying interactive tool look...
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Electric Vehicle Tracker
Headlines Growth of electric vehicles (EVs) in scenarios developed by some oil majors is ten years...
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Why the oil sector shouldn’t reinvent itself through renewables
28 February 2020The piece originally was posted to LGIM Future World Blog on February 26, 2020. It is...
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BP’s Net Zero Ambition: Deciphering the Code
Amid ever-increasing concerns over climate risks, BP is the latest European oil and gas company to announce...
Read More
Repsol’s net zero ambition: joining the dots
Repsol has just announced a shift in strategic direction – to become a net zero emissions company by 2050....
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Exxon’s New Clothes – the tale of why Exxon lost its prized position in the S&P 500
Once upon a time – the 1990s if you are interested -- there was a wondrous oil company called Exxon. It was...
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Indonesia to replace one fifth of coal fleet with renewable energy
03 February 2020According to Carbon Tracker analysis, Indonesia has 15 coal-fired plants (6.4 GW) aged...
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After the hedge: The elephant in RWE’s boardroom
The purpose of this note is to: Address RWE’s response to our recent report Apocoalypse Now, by...
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Powering down coal: The economic case for a global coal phase-out is stronger than ever
Coal power is losing its economic footing. As detailed in Figure 1, according to Carbon Tracker analysis,...
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SSE aligns with Carbon Tracker’s Paris-compliant methodology for coal power
In November, SSE confirmed that its remaining hard coal units at Fiddler’s Ferry power plant in the UK...
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Carbon Tracker Annual Review 2018-2019
23 October 2019Carbon Tracker's mission is to align investors strategies to climate change...
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Land of the Rising Sun and Offshore Wind
The economic viability of new and existing coal in Japan could be severely undermined by cheap renewables...
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Here comes the sun (and wind)
Vietnam’s low-cost renewables revolution and its implications for coal power...
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Apocoalypse Now
24 October 2019The energy complex has EU coal generators in a chokehold. Are policymakers and investors...
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Making it mainstream – CA100+ power utility profiles
Climate Action 100+ power utility profiles for mainstream investors to align with Paris and manage energy...
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Indonesia to replace one fifth of coal fleet with renewable energy
03 February 2020According to Carbon Tracker analysis, Indonesia has 15 coal-fired plants (6.4 GW) aged...
Read More
SSE aligns with Carbon Tracker’s Paris-compliant methodology for coal power
In November, SSE confirmed that its remaining hard coal units at Fiddler’s Ferry power plant in the UK...
Read More
Iberdrola aligns with Carbon Tracker’s Paris-compliant methodology for coal power
Iberdrola announced at the opening of the United Nations Framework Convention on Climate Change (COP25)...
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After the hedge: The elephant in RWE’s boardroom
17 January 2020The purpose of this note is to: Address RWE’s response to our recent report...
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Powering down coal: The economic case for a global coal phase-out is stronger than ever
Coal power is losing its economic footing. As detailed in Figure 1, according to Carbon Tracker analysis,...
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Carbon Tracker, IEEFA and ICSC to help the Philippines with energy transition risk
Last week Carbon Tracker’s power & utilities team was in Manila to attend the launch of a UK...
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UK Net Zero 2050 – good intentions, but aren’t we missing something?
The UK Climate Change Committee (CCC) has reported on its recommended targets for the UK to reduce its...
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Carbon Tracker Annual Review 2018-2019
23 October 2019Carbon Tracker's mission is to align investors strategies to climate change...
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The Speed of the Energy Transition
Gradual or Rapid Energy Transition: What path are we on? The energy industry is complex, and understanding...
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The Energy Transition Fork in the Road
The Amazon is burning, Greenland is melting, the US is rolling back environmental protections, and the energy...
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The Trillion Dollar Energy Windfall
Falling renewable costs and intermittency solutions drive a tipping point for the Inevitable Policy...
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Carbon Tracker Annual Review 2018-2019
23 October 2019Carbon Tracker's mission is to align investors strategies to climate change...
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The Speed of the Energy Transition
Gradual or Rapid Energy Transition: What path are we on? The energy industry is complex, and understanding...
Read More
A New World: the geopolitics of the energy transformation
Our New Energy Strategist co-authored this report for the International Renewable Energy Agency...
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2020 Vision: why you should see the fossil fuel peak coming
The peak in fossil fuel demand will have a dramatic impact on financial markets in the 2020s. The global...
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The Trillion Dollar Energy Windfall
05 September 2019Falling renewable costs and intermittency solutions drive a tipping point for the...
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The Decline Rate Delusion
The argument is often made that oil reserves have high natural decline rates which necessitate the continuous...
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The political tipping point: Why the politics of energy will follow the economics
The political tipping point is coming. The falling costs of renewables are driving a political tipping...
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Lessons from European electricity for global oil & gas
What can the global oil and gas sector learn from the decline of the European electricity sector after...
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The Energy Transition Fork in the Road
11 September 2019The Amazon is burning, Greenland is melting, the US is rolling back environmental...
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Event Blog – Climate Risk & The Capital Domino Effect
During the inaugural London Climate Action Week - Carbon Tracker co-hosted the Climate Risk and the Capital...
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Transition at Davos: Joining the dots
By Anthony Hobley Attending Davos for the World Economic Forum (WEF) Annual Meeting is like being thrown...
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Myths of the Energy Transition – Don’t Let Stranded Economic Thinking Leave You Holding the Stranded Assets of the Carbon Era
In the 2014 film Merchants of Doubt a small group of well funded lobbyists cast doubts over the science...
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Indonesia to replace one fifth of coal fleet with renewable energy
03 February 2020According to Carbon Tracker analysis, Indonesia has 15 coal-fired plants (6.4 GW) aged...
Read More
Powering down coal: The economic case for a global coal phase-out is stronger than ever
Coal power is losing its economic footing. As detailed in Figure 1, according to Carbon Tracker analysis,...
Read More
SSE aligns with Carbon Tracker’s Paris-compliant methodology for coal power
In November, SSE confirmed that its remaining hard coal units at Fiddler’s Ferry power plant in the UK...
Read More
Iberdrola aligns with Carbon Tracker’s Paris-compliant methodology for coal power
Iberdrola announced at the opening of the United Nations Framework Convention on Climate Change (COP25)...
Read More
Carbon Tracker Annual Review 2018-2019
23 October 2019Carbon Tracker's mission is to align investors strategies to climate change...
Read More
Land of the Rising Sun and Offshore Wind
The economic viability of new and existing coal in Japan could be severely undermined by cheap renewables...
Read More
Here comes the sun (and wind)
Vietnam’s low-cost renewables revolution and its implications for coal power...
Read More
Apocoalypse Now
24 October 2019The energy complex has EU coal generators in a chokehold. Are policymakers and investors...
Read More
Making it mainstream – CA100+ power utility profiles
Climate Action 100+ power utility profiles for mainstream investors to align with Paris and manage energy...
Read More
Understanding the operating costs of coal power: US example
Summary The operating costs of coal units are complex and depend on many variables. Coal units are...
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PPL’s climate disclosure – misguided at best
Our analysts Matt Gray and Laurence Watson respond to PPL's recent Climate Assessment Report. Summary ...
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Indonesia to replace one fifth of coal fleet with renewable energy
03 February 2020According to Carbon Tracker analysis, Indonesia has 15 coal-fired plants (6.4 GW) aged...
Read More
SSE aligns with Carbon Tracker’s Paris-compliant methodology for coal power
In November, SSE confirmed that its remaining hard coal units at Fiddler’s Ferry power plant in the UK...
Read More
Iberdrola aligns with Carbon Tracker’s Paris-compliant methodology for coal power
Iberdrola announced at the opening of the United Nations Framework Convention on Climate Change (COP25)...
Read More
Powering down coal: The economic case for a global coal phase-out is stronger than ever
12 December 2019Coal power is losing its economic footing. As detailed in Figure 1, according to Carbon...
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Investor action wins the day vs uneconomic Ostroleka C coal unit
At Carbon Tracker - our research focus is the impact of climate change on financial markets. Our global coal...
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Vietnam roadshow: what we learnt and what’s next
Recently Carbon Tracker’s power and utilities team travelled to Vietnam to market our latest analyst note,...
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Coal – the elephant in the room in Katowice
Arriving into Katowice Poland, host city for COP24, you were immediately struck by the obvious conflict at...
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Handbrake Turn
31 January 2020The cost of failing to anticipate an Inevitable Policy Response to climate...
Read More
Balancing the Budget: Why deflating the carbon bubble requires oil & gas companies to shrink
To deflate the carbon bubble and protect investors, oil & gas companies must shrink The world’s listed...
Read More
Carbon Tracker Annual Review 2018-2019
Carbon Tracker's mission is to align investors strategies to climate change action. We...
Read More
Breaking the Habit – Why none of the large oil companies are “Paris-aligned”, and what they need to do to get there
This report provides an update to our 2017 and 2018 "2 Degrees of Separation" reports, along with an updated...
Read More
Balancing the Budget: Why deflating the carbon bubble requires oil & gas companies to shrink
01 November 2019To deflate the carbon bubble and protect investors, oil & gas companies must...
Read More
Carbon Tracker Annual Review 2018-2019
Carbon Tracker's mission is to align investors strategies to climate change action. We...
Read More
Breaking the Habit – Why none of the large oil companies are “Paris-aligned”, and what they need to do to get there
This report provides an update to our 2017 and 2018 "2 Degrees of Separation" reports, along with an updated...
Read More
Paying With Fire: How oil and gas executives are rewarded for chasing growth and why shareholders could get burned
In this study we review the remuneration practice used in the oil and gas industry and look at alignment with...
Read More
Handbrake Turn
31 January 2020The cost of failing to anticipate an Inevitable Policy Response to climate...
Read More
Scope for Improvement
Why carbon intensity ambitions are welcome, but strict limits on future project sanction remain the route to...
Read More
Electric Vehicle Tracker
Headlines Growth of electric vehicles (EVs) in scenarios developed by some oil majors is ten years...
Read More
Activist Investors Force Change In The Oil Industry
12 June 2019The following piece originally was posted to Oilprice.com on March 3, 2019. It is...
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Growth incentives just don’t pay for oil and gas investors
Why shareholders should rethink executive reward For much of the early part of this century, the oil and...
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IEEFA Update: Oil and gas industry caught in a capex conundrum
This blog originally appeared on the IEEFA website By Tom Sanzillo, Kathy Hipple and Clark...
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CCS: important, but not a “get out of jail free” card
Carbon capture and storage, or CCS, refers to technologies that allow us to capture CO2 at the source of its...
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The Flip Side: Stranded Assets and Stranded Liabilities
19 February 2020Carbon Tracker’s fundamental insight is that the oil and gas industry’s growth plans...
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Carbon Tracker Annual Review 2018-2019
Carbon Tracker's mission is to align investors strategies to climate change action. We...
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Submission to Treasury Committee on Green Finance & Decarbonisation of UK Economy
Carbon Tracker's Mike Knight submitted evidence to the Treasury Select Committee inquiry into the...
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Extracts from Mary Robinson’s Vatican Speech
14 June | The Vatican Mary Robinson served as president of Ireland from 1990 to 1997, and as UN High...
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Carbon Tracker Annual Review 2018-2019
23 October 2019Carbon Tracker's mission is to align investors strategies to climate change...
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Reporting for a Secure Climate: A model disclosure for upstream oil and gas
There is growing attention on the potential impacts of climate-related risks on the upstream oil and gas...
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Mobilising IOSCO to take action on the TCFD recommendations
This report was produced by Client Earth, WWF and Carbon Tracker The International Organization of...
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Under The Microscope: Are companies’ scenario analyses meeting investors’ requirements?
This paper provides in-depth analysis of the company disclosure of the largest oil and gas companies: BP,...
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The Flip Side: Stranded Assets and Stranded Liabilities
19 February 2020Carbon Tracker’s fundamental insight is that the oil and gas industry’s growth plans...
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PPL’s climate disclosure – misguided at best
Our analysts Matt Gray and Laurence Watson respond to PPL's recent Climate Assessment Report. Summary ...
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Carbon Tracker's Mike Knight submitted evidence to the Treasury Select Committee inquiry...
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Extracts from Mary Robinson’s Vatican Speech
14 June | The Vatican Mary Robinson served as president of Ireland from 1990 to 1997, and as UN High...
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ConocoPhillips: Concerned on Capex, Cagey on the Dwindling Carbon Budget
ConocoPhillips’ February 2019 climate report lays out a thoughtful approach to governing climate risk. It...
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The missing link – bridging the gap between emission targets and fossil fuel output
To manage against the goals of the Paris Agreement, oil companies like Chevron must factor scope 3 emissions...
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Carbon Countdown: Prices and Politics in the EU-ETS
21 August 2018Market counts down to the MSR The EU carbon market has been the hottest commodity...
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Dispatch dogfight: will the EU ETS put gas in the money in 2018?
Since the start of the year, EU carbon has doubled in value, raising the possibility of coal to gas switching...
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Carbon Clampdown: Closing the Gap to a Paris-compliant EU-ETS
Closing the Gap to a Paris-compliant EU-ETS Carbon pricing, whether via cap-and-trade schemes or taxes, is...
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Carbon Tracker’s Christmas Cracker 2017
If you read just one thing this year…… first, it’s December! What took you so long?......second,...
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Carbon Countdown: Prices and Politics in the EU-ETS
21 August 2018Market counts down to the MSR The EU carbon market has been the hottest commodity...
Read More
Carbon Clampdown: Closing the Gap to a Paris-compliant EU-ETS
Closing the Gap to a Paris-compliant EU-ETS Carbon pricing, whether via cap-and-trade schemes or taxes, is...
Read More
Since the start of the year, EU carbon has doubled in value, raising the possibility of...
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Carbon Tracker’s Christmas Cracker 2017
21 December 2017If you read just one thing this year…… first, it’s December! What took you so...
Read MorePopular News & Events
View all News & Events
EU carbon prices could double by 2021 and quadruple by 2030
Potential future action to align EU emissions targets with Paris...
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42% of global coal power plants run at a loss, finds world-first study
New wind and solar will be cheaper than 96% of existing coal power by...
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Oil and gas companies approve $50 billion of major projects that undermine climate targets and risk shareholder returns
No major oil company invests to support Paris goals of keeping well...
Read MoreWe’re Award Winning
Carbon Tracker was designated ‘NGO of the year’ at the Business Green Awards 2017.
We also won the Guardian Sustainable Business Award for Innovation in Communicating Sustainability in 2015 and 2014.
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Videos
Video: 2020 Vision – Why you should see the fossil fuel peak coming
Kingsmill Bond explains the findings of his report 2020 Vision: Why you should see the fossil fuel...
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Infographics
2 degrees of separation at a glance: are the oil and gas majors aligned with a 2˚C / 1.75˚C carbon budget?
These infographic updates the findings of our '2 Degrees of Separation report', produced in...
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