Carbon Tracker

The Tracker Group, home to Carbon Tracker & Planet Tracker, is pleased to announce the appointment of inaugural CEO, Christine Chow, PhD. This follows a decision by the Board to bring Carbon Tracker & Planet Tracker more closely together under a single leadership team https://lnkd.in/ehTmsJfE

Oil companies are dropping renewable goals — but more importantly [given they were never going to 'lead' the #EnergyTransition], they're still expanding supply of #FossilFuels

⚠️ Global enforcement of financial reporting & audit standards is falling short Our latest analysis of companies in countries representing 90% of global capitalisation reveals stark jurisdictional differences in the way companies and auditors evidence consideration of climate-related risk in financial statements – leaving investors exposed. Read the new report by Sepi Roshan, CA, MSc in our 'Flying Blind' series: https://lnkd.in/ef4BDi6Q #ClimateRisk #TCFD #Audit #Regulation #Enforcement

Some export credit agencies are continuing to finance new overseas #oil and #gas projects. Our latest analysis from Guy Prince, Maeve O'Connor & Rich Collett-White explores the associated financial and reputational risks, with a particular focus on liquefied natural gas (LNG) infrastructure. Our analysis indicates significant financial risk for these high-cost projects if a global #LNG glut materialises in the coming years, as is forecast. Read the 'Stranded Exports' report: https://lnkd.in/e7EQ6ExK

The market for electric heavy-duty vehicles (HDVs) is set to surpass $320 billion by 2035, overtaking the internal combustion engine (ICE) equivalent. This shift presents a vast opportunity for sales and revenue growth for HDV manufacturers as truck fleet operators replace their existing fleet with electric alternatives. Key findings from our latest report by Ben Scott & Philip Hunter: Falling battery costs will make electric trucks more affordable, while fleet operators will benefit from lower fuel and maintenance costs - accelerating re-fleeting. Incumbent manufacturers like Volvo Trucks, Daimler Truck AG, and TRATON GROUP risk falling behind as competitors scale up production. The transition to BEVs will cut oil ⛽ demand by 2.5 million barrels 🛢️ per day by 2036. That same year, the HDV fleet could require 600 TWh of power (equivalent to the combined annual electricity consumption of the UK and Italy) demanding massive investments in renewable energy and grid infrastructure.    What needs to happen next? Manufacturers must act now to scale EV production or risk obsolescence.  Investors should push for policies that accelerate charging infrastructure and grid expansion. Read the full report: https://lnkd.in/e_xTyWFt  #EVTrucks #SustainableTransport #EnergyTransition #HeavyDutyEVs 

🛢️ 📉 Can petrochemical demand replace decline in oil demand? 👉 https://lnkd.in/eXmmVpe6 Some of the largest oil and gas companies are pivoting towards petrochemicals as they reckon with the fact that a decline in transport fuel demand is imminent. Underpinning this pivot are a series of assumptions about the market for petrochemicals and companies’ capability to regear their assets. We have analysed industry reports and market forecasts and teased out four key assumptions that we challenge in this analyst note. Report author and associate analyst, Saidrasul Ashrafkhanov, explains more in our latest webinar: https://lnkd.in/eXmmVpe6. Remember to subscribe to always know when our newest content is released.

Energy giant SSE ‘shamed’ into reassessing the climate harm posed by plans for a new #gas CCS power station in Peterhead Scotland. Carbon Tracker research showed pollution from the project could be one million tonnes higher than in submitted EIA documents https://lnkd.in/eFg_aWNv

Join us tomorrow at the Net Zero Investor DC Forum | Carbon Tracker's Head of Policy & Engagement Richard Folland will be speaking on the panel Brave new world? – The UK policy environment for #NetZero investing https://lnkd.in/eMKfhr3s

Last chance to register for our webinar - 3pm GMT today: Petrochemical Imbalance - hear from author Saidrasul Ashrafkhanov why chemicals are unlikely to prop up #oil demand 📉 https://lnkd.in/ezCSpbaD #Petchem 

Don't look up - 'mine the asteroid' thinking from The Economist | "A warming Arctic should yield enormous dividends. Retreating ice will create shipping shortcuts. Maritime access & melting glaciers will make it easier to extract minerals" https://buff.ly/3WAwvIb #ClimateCrisis