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LONDON, April 2 – The Carbon Tracker Initiative is today delighted to announce the appointment of Mark Lewis as its new head of research and a managing director. An expert in carbon trading, climate and energy with over 20 years’ experience as a sell-side analyst, he joins from Barclays where he was managing director and head of European utilities.
Mark Lewis Said:
“Carbon Tracker has done so much to bring climate change into mainstream investor thinking and make financial markets aware of stranded asset risk in the fossil fuel industry. Its role in informing investors is even more important today, with new EU regulations in force since January putting extra pressure on the traditional providers of research in investment banks and brokerages. This presents a great opportunity for a think tank with City expertise like Tracker to broaden the audience for its vital message.
“To bend the emissions curve and put the world on a trajectory in line with the Paris Agreement we need to radically reduce the amount of fossil fuels we burn and investors have a crucial role to play in that. I see Carbon Tracker providing decision-critical insights on the disruptive policy, regulatory, and technology changes now driving the world’s accelerating response to climate change
“I am particularly excited about the recent resurgent interest in carbon pricing, the focus of my first report for Carbon Tracker. Carbon trading is not sufficient on its own to achieve the Paris climate goals but equally we will not slash emissions to the level required under Paris without a much more concerted and sustained global take-up of carbon pricing. The space left in the atmosphere for storing CO2 is the ultimate scarce resource, and it needs to be priced accordingly.”
Lewis joined Barclays in 2015. Previous to that he was chief energy economist at Kepler Cheuvreux (2014-15), and managing director and global head of energy research at Deutsche Bank, where he worked for 14 years. His research to date has focused on the overlap between energy and climate change. Since May 2016 he has been a member of the Financial Stability Board’s Task Force on Climate-related Financial Disclosures.
Lewis is the latest major addition to the team following the appointment of Hermes’ Saker Nusseibah as non-executive Chairman late last year.
Mark Campanale, founder and executive director of Carbon Tracker, said:
“I’m thrilled to welcome Mark Lewis into the team. Mark has not only been a key ally of Carbon Tracker since its inception, attending many of our early strategy sessions, he has also played an international role in extending our thinking around ‘stranded assets’ and the ‘carbon bubble’ whilst at Barclays.
“He has been recognised as a global authority on climate risk particularly by the Taskforce on Climate Related Financial Disclosures. I’m really looking forward to working closely with Mark in developing our ground-breaking research agenda on dealing with the threat of climate change to the orderly function of financial markets.”
In addition to his experience as a sell-side financial analyst, Lewis spent one year as Deputy Head of investor relations at E.ON at the beginning of Germany’s Energiewende, and two years as a credit analyst covering the European utility sector at Standard & Poor’s (1997-99).
His work on power, gas, and carbon was ranked Number 1 by Energy Risk magazine in its 2011, 2010, 2009 and 2008 surveys, and his report on the Paris Climate-Change Agreement was runner-up in the 2015/16 City of London Farsight Award for long-term financial research.
Mark is a UK and French Citizen and holds a BA (First-Class Hons) in Modern Languages and Economics from Sheffield University, an MPhil from Cambridge University, and an MA from London University.
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